Gold 2016-10-31
![](https://assets.iorbex.com/blog/wp-content/uploads/2016/10/18075043/58172d1c4c2ec-750x430.png)
Gold managed last Friday to head toward target 1280 while market facing now resistance zone at 1284-89
As long as market holding below this resistance zone another drop toward 1257-60 will be expected which may activate some rebound correction from that support
Below 1257 more drop will be expected toward 1241-45 zone
Support | Resistence | |
Level 1 | 1271 | 1284-89 |
Level 2 | 1257-60 | 1305-10 |
Level 3 | 1241 | 1325-30 |