Gold 2016-12-21
as we advised last week
Gold managed to sustain drop where Intraday momentum found 1122 support level before indicators pushed for some rebound correction
market faing resistance zone at 1140-45 where as long as market holding below this zone the downtrend pressure will sustain toward 1110
above 1145 market may initiate more advance toward 1160
Support | Resistance | |
Level 1 | 1122-26 | 1140-45 |
Level 2 | 1110 | 1155-65 |
Level 3 | 1090 | 1180 |