
Gold managed to met the target of 3500 and above, to hit fast drop this morning.
As we see over the Intraday chart, the advance wave is still ongoing with the support trend around 3466-70 which could keep the advance wave toward the second target of 3540, which in turn could push for a correction.
Below 3466 more of a drop could hit the market while the second support at 3436-40 could push again for another advance.
SUPPORT | RESISTANCE | |
LEVEL1 | 3466-70 | 3500-08 |
LEVEL2 | 3436-40 | 3525 |
LEVEL3 | 3400-05 | 3540 |
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