Gold
Gold price has begun an upward breakout from the narrowing range. If it does not fall below 4,140, there is a realistic chance that it will reach its previous peak. The narrowing of the past few weeks could result in a movement of up to $400-450, which in turn would point to a new peak. Below, the risk should be managed if the $4,062 level is broken.
Resistance levels: 4,218; 4,296; 4,375; 4,532.
Support levels: 4,062; 3,906; 3,828; 3,750; 3,593.





