Forex Trading Library

Gold 2016-02-15

0 143

Gold

1237

Market managed to hold trades above our support zone 1200 while managed last week to hit our target 1255

short-run managed to fell below 1229 where we expected second support zone at 1200-10 which may drive the market back to uptrend movement

however and as we see over the chart market holds 2 support zone where first one at 1200-08 and second one at 1180-90, where as long as market holding above 1180 the uptrend wave will sustain for short-run here market may target again 1250-60 zone

below 1180 this will be a negative sign that may drive market lower toward 1145 zone

  Support Resistence
Level 1 1200-08 1226
Level 2 1180-90 1240
Level 3 1145 1255
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