Gold
In the current downtrend, there is very little buying force to be seen so far. For a structural shift to occur, the price would need to move above 4,218; following such a rise, one could look for buying opportunities during retests. If a reversal begins, the short-term target for the rally could be around 4,375. Strong support is only found around the 3,750 level, so even reaching that level is a possibility before a reversal occurs.
Resistance levels: 4,375; 4,688; 4,843; 4,923; 5,000.
Support levels: 3,906; 3,750.
