Gold 2015-03-11
GOLD 1158
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
while last week U.S labor market data add more drop pressure over Gold as U.S interest rate hike bets increased .
As long as market is trading below 1165 a further drop to 1140s levels is expected to a new low levels below 1130s.
Daily Trend: Down
Weekly Trend: Down
Support | Resistence | |
Level 1 | 1152 | 1165 |
Level 2 | 1148 | 1176 |
Level 3 | 1141 | 1182 |