Gold
The price is once again trending downward; after pulling back from the 4843 level, the short entry signal was triggered two days ago below the 4688 level. The zone above 4843 is considered strong resistance. Below 4688, a decline to around 4375 is expected; this is where the first major support level lies. The nature of the decline may indicate whether 4062 could also come into play as a target price.
Resistance levels: 4,843; 4,923; 5,000; 5,312; 5,625; 5,938; 6,250.
Support levels: 4,375; 4,218; 4,062; 3,750.
