Gold managed to fall below the support 2388 and below this level a further drop wave could move toward the 2300 zone.
As we see on the Intraday levels, the market seems to be building a downtrend channel with the support around 2350 and resistance around 2388.
Above 2388 more advance toward 2420 could hit the market which in turn could rebound.
Below 2350 more of a drop toward 2300-05 could hit the market.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 2350 | 2388 |
| LEVEL2 | 2300-05 | 2420-30 |
| LEVEL3 | 2277 | 2460 |
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