Gold dropped on Friday as intraday indicators still show the ability for another advance towards 4200.
As we see over the Intraday chart, the market is facing support at 4045, while resistance at 4100-10 could create a trading zone.
Above 4110, more advance is likely towards 4145, as this resistance could lead to a correction before advancing towards 4200.
Below 4045, more of a drop towards the support trend at 3990-40000 could hit the market, which in turn could activate the advance wave again.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 4045 | 4100-10 |
| LEVEL2 | 3990-4000 | 4145 |
| LEVEL3 | 3955-65 | 4200-05 |
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