Gold managed to pass above resistance at 3975-80, which led the way toward the targets at 4080 and 4145-55.
As we see on the chart, the market faces a support zone around 4100 and 4060-80, which may keep the advance ongoing toward the 4175-80 zone.
Above 4180 more advance toward 4220-35 is likely.
Below 4060 more drops toward 3975-80 are likely.
| SUPPORT | RESISTANCE | |
|---|---|---|
| LEVEL1 | 4100 | 4155 |
| LEVEL2 | 4060 | 4175-80 |
| LEVEL3 | 3975-80 | 4220-35 |