Gold managed to hit a fast advance and closed from the target of 3710 last Wednesday, before the market rapidly dropped before testing 3710.
As we see over the Intraday chart, prices face pressure which could lead to another drop.
As long as prices remain below the resistance of 3662-72, then the downward pressure could sustain to re-test the support at 3613-15, which in turn could activate a rebound.
Below 3613 more of a drop will be expected with supports at 3573-75 and 3552-55.
Above 3672 the advance signals could return towards the 3700-05 zone.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 3635 | 3662-72 |
| LEVEL2 | 3613 | 3700-05 |
| LEVEL3 | 3573-75 | 3740 |
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