Gold managed to hold below the resistance of 3365-70 and managed to drop further.
Gold managed so far to hit low around 3302.
As we see over the Intraday chart, the market is facing its first support zone around 3280-95 and another advance will be expected toward 3340-45.
The area of 3250-80 will be considered as a support and demand zone which could keep the advance wave ongoing.
Below 3250 more of a drop toward 3205 will be expected.
Above 3370 more advance toward 3415 is likely.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 3280-95 | 3330 |
| LEVEL2 | 3250 | 3345 |
| LEVEL3 | 3205 | 3365-70 |
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