Gold
There has been no change in the downward trend; it should have risen above the natural level of 4218, at which point it would have shown some strength, but as it remained below that level and is heading towards a new swing low, neither the trend nor the assessment has changed. As long as it remains below the red trend line, it is worth waiting for a reversal. A new low is also possible, with strong support expected around 3906.
Resistance levels: 4,688; 4,843; 4,923; 5,000.
Support levels: 4,062; 3,906; 3,750.
