Technical Analysis: Gold - Monday, Jan. 5

Gold managed to rebound again towards the 4405-10 zone and above.
As we see over the chart, the market is facing the first support around 4385. If prices remain above it, the advance test towards the 4425-30 resistance will still be ongoing.
Above 4430 more advance will be expected with resistances as we see from the chart.
Below 4385 more of a drop is likely with supports at 4345 and 4303.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 4385 | 4425-30 |
| LEVEL2 | 4345 | 4467 |
| LEVEL3 | 4303 | 4488 |
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