Technical Analysis: Gold - Thursday, Oct. 2
Gold held above the support of 3850 and added more advance yesterday, just above the resistance of 3890, before pulling back.
As we see over the Intraday chart and despite the bearish signals, if prices remain above 3850, the advance could progress.
Below 3850 more of a drop will be expected as the main support trend is now around the 3800-15 zone, which could push again for another advance wave.
Below 3790 more of a drop toward 3750 will be expected.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 3850 | 3878 |
| LEVEL2 | 3831 | 3895 |
| LEVEL3 | 3793 | 3910 |
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Intraday Analysis - Wednesday, Oct. 1
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