Technical Analysis: Gold - Thursday, Dec. 11
The market managed to hit a correction to test again the support zone at 4160-70.
As we see over the chart and if prices remain above the support of 4160-70, the advance wave could expand towards the 4272-77 zone.
Below 4160, more of a drop could hit the market with supports at 4130-35 and 4090-4100, where each support has the opportunity to cause a rebound.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 4210 | 4254-64 |
| LEVEL2 | 4160-70 | 4277 |
| LEVEL3 | 4130-35 | 4295 |
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