Gold 2015-03-06
GOLD 1196
Drop pressure back to affect Gold
market back to dump haven on Europe-Greek agreement while Russia-germany-france meeting over Ukrainian crises helped to dump haven more
while market faced more drop pressure on Ukraine Cease-Fire Deal
market managed as we expected to fell to test 1195-99 support zone as we can see over the chart where market managed to attract more buyers as rebound correction
below 1167 market may head for another drop toward 1145 zone
as long as market holding trades below 1223 the downtrend pressure will sustain toward 1170
above 1223 market may add more advance where 1235-45 may become target for Gold
Daily Trend: Down
Weekly Trend: Down
Support | Resistence | |
Level 1 | 1195 | 1223 |
Level 2 | 1170 | 1237 |
Level 3 | 1140 | 1255 |