Gold 2016-11-04
as we advised yesterday
market managed to jump above 1289 which give the way for farther advance where main resistance zone laying around 1303-07 zone
this zone will consider the main zone between continue drop wave or any reverse at the current market prospective
as long as market holding below this zone the downtrend outlook will sustain where another drop toward 1250 will be expected
above 1307 market may add more advance to re-test 1325-30 zone before new uptrend wave take Gold toward 1370 zone
Support | Resistence | |
Level 1 | 1294 | 1305-10 |
Level 2 | 1284 | 1325-30 |
Level 3 | 1271 | 1350 |