Gold is testing critical support at 4382 following a brief rebound.
Gold managed to hit a rebound towards 4436 before settling lower.
As we see from the chart, the Intraday levels show a support trend around 4382, which still holds the chance for another rebound.
Resistance zone is now around 4428-48, which could back up a drop scenario toward 4280.
Above 4448 a chance for further advance toward 4475 and 4500.
SUPPORT | RESISTANCE | |
LEVEL1 | 4367-82 | 4416 |
LEVEL2 | 4300-10 | 4428-48 |
LEVEL3 | 4275 | 4475 |
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