Gold 2016-07-19
Market managed to hold trades above support 1320 for the forth day in a row which may be enogh for this drop correction to be over
as long as market holding above the 1320 will expect farther advance toward 1260-70 zone
while below 1320 market may add more drop to re-test 1305-10 support zone before rebound back toward 1360
below 1300 expect 1280 and 1250
Support | Resistence | |
Level 1 | 1320 | 1347 |
Level 2 | 1305-10 | 1360 |
Level 3 | 1280 |