As we see on our previous chart, Gold managed to sustain trades above the support of 2392-95 and rebounded toward 2418 last Friday.
As we see on the chart, as long as the market holds trades above 2392-95, the uptrend wave could sustain toward 2325-30 and above.
Below 2392 more of a drop to test the 2370 support could hit the market which in turn could activate another rebound.
Below 2370, more of a drop will be expected.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 2392-95 | 2425-30 |
| LEVEL2 | 2370 | 2450 |
| LEVEL3 | 2350 | 2470 |
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