Gold 2016-11-01
![](https://assets.iorbex.com/blog/wp-content/uploads/2016/11/18075001/5818713808cfb-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
above 1290 market may head farther to test 1305-10 zone
Support | Resistence | |
Level 1 | 1271 | 1284-89 |
Level 2 | 1257-60 | 1305.10 |
Level 3 | 1241-45 | 1325-30 |