Gold 2016-04-25
Gold
1233
Market managed to obtain weekly close below 1235 which my lead the coming short-run for another drop toward 1190-95 zone
as long as market holding daily close below 1238 the downtrend pressure will sustain where market will face support at 1220-25 zone
as long as market holding above 1220 another rebound correction toward 1260-63 will be expected before market resume drop toward 1190-95 zone
while any break below 1220 may set the market in short course toward 1190-95
Support | Resistence | |
Level 1 | 1220-25 | 1260-63 |
Level 2 | 1208 | 1275 |
Level 3 | 1190-95 | 1285 |