Gold dropped today to close towards the support zone at 4160-70 again.
As we see over the chart, if prices hold above the support at 4160-70, the advance wave could expand towards the 4272-77 zone.
Below 4160, more of a drop could hit the market with supports at 4130-35 and 4090-4100. Each support has the chance to lead to a rebound.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 4160-70 | 4216 |
| LEVEL2 | 4130-35 | 4242 |
| LEVEL3 | 4090-4100 | 4272-77 |
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