Gold 2017-05-16
as we advised before and as we see over our previous chart
we still holding same outlook for Gold
market managed to rebound from support zone 1215-20 as we advised before while market now facing resistance at 1236
as long as market holding below 1236 the chance for another drop to re-test 1214-15 zone
below 1214 more drop toward 1195 is expected
above 1236-38 more advance toward 1255 is expected
intraday levels still showing ability to continue trading zone between 1215 & 1236
Support | Resistance | |
Level 1 | 1221-25 | 1236 |
Level 2 | 1214-15 | 1255 |
Level 3 | 1195 | 1275 |