Gold 2016-02-15
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 |