Gold managed to break above the resistance of 4280 yesterday and added more advance toward targets 4320 and 4370-80.
As we see from the Intraday chart, prices tested the resistance of 4370-80 several times, while as long as the market holds below it, another drop will be expected toward 4320 or 4280, where each one of those supports could re-activate the advance wave again.
Above 4380, more advance is likely as traders will be cautious as Gold will be in an overbought zone.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 4320 | 4370-80 |
| LEVEL2 | 4280 | 4420 |
| LEVEL3 | 4220 | 4450 |
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