Gold has hit a rebound correction so far, testing the 4145-55 resistance zone.
As seen on the chart, a trading zone may hold the market between support at 3970 and resistance at 4170-80.
Above 4235 more advance toward 4315 is likely.
Below 3970 more drops are likely.
| SUPPORT | RESISTANCE | |
|---|---|---|
| LEVEL1 | 4030 | 4170-80 |
| LEVEL2 | 3970 | 4220-35 |
| LEVEL3 | 3886 | 4275 |