Technical Analysis: Gold - Thursday, Nov. 6

Gold managed to advance above 3990 which may be the first sign of further advance coming
As we see over the Intraday chart, market facing support around 3985 where as long as market holding trades above it more advance to re-test resistance zone 4045 will e expected
Above 4045 more advance toward 4130-60 zone will be expected
Below 3985 more drop may hit the market with supports at 3955 and 3916
| SUPPORT | RESISTANCE | |
| LEVEL1 | 3985 | 4025 |
| LEVEL2 | 3955 | 4045 |
| LEVEL3 | 3916 | 4100 |
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