Gold almost hit the target of 4050 early today.
As we see over the chart, the market could maintain this trading zone inside the uptrend channel with a resistance zone at 4050-70 and support at 3940-50.
Above 4070 more advance to test 4100 will be expected while above this zone more advance is likely.
Below 3940 more of a drop will be expected with support at 3887.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 3940-50 | 4050-70 |
| LEVEL2 | 3887 | 4100 |
| LEVEL3 | 3850 | 4160 |
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