Gold managed to advance above the 2388 level and managed to re-test the downtrend channel resistance around 2403-05 last week and today.
As we see on the chart and as long as the market keeps holding below this resistance, then another drop toward the 2325-30 zone will be expected.
Above 2410 more advance will be expected with the second resistance laying at 2430-35 which could push for a correction.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 2380 | 2405 |
| LEVEL2 | 2350 | 2430-35 |
| LEVEL3 | 2325 | 2460 |
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