CURRENT SITUATION_ & _ ANALYSIS. Gold has effectively broken below the $4,000 mark. The next support level is around $3,950. Above $4,000, you can try to sell at $3,950. If it holds above $4,005, you can sell. There is still a possibility that gold could correct further and fall below US$ 3970, with mild possibly approaching US$ 3850 or lower. Market volatility will be significant this week. Remember to follow me for the latest analysis.