Gold 2015-11-06
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XAUUSD
1108
market managed to sustain drop as expected toward target zone 1120-25 while market managed also to obtain daily close below this zone which activated farther drop over short-run
market managed to hit our second target 1105, while market facing resistance at 1111 level, as long as market holding below 1111 another drop toward 1082-92 zone will be expected , while above 1111 market may head again to retest 1120-25 resistance zone
Support | Resistence | |
Level 1 | 1105 | 1111 |
Level 2 | 1092 | 1120-25 |
Level 3 | 1082 | 1150 |