Gold 2016-05-02
Gold
1278
As we advised last week , market managed to break above 1271 which activated another advance wave that may target 1305-10 zone
as long as market holding below 1310 will expect from there another drop correction 1280 before market build another uptrend wave that may target 1350-80 zone
main support at 1270 where as long as market holding above this level the uptrend will sustain , below 1270 risk for downtrend may back
Support | Resistence | |
Level 1 | 1280 | 1305-10 |
Level 2 | 1270 | 1325 |
Level 3 | 1240 | 1350 |