Gold is still searching for support as the market is still holding above medium term support 3886.

As we see from the Intraday chart, the market is facing a trading zone between support 3930-60 and resistance 4020-40.

Above 4040, a chance for more rebound towards 4100 and 4200 could hit the market.

Below 3960, further pressure is likely with the next target at the support 3886.

Below 3886, more of a drop towards 3475 will be expected.

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