Gold 2017-08-23
![](https://assets.iorbex.com/blog/wp-content/uploads/2017/08/18035652/599d5823bc74d-750x422.png)
As we advised early this week and as we see over our previous chart
Gold managed to test 1300 last week before heading for some drop correction
We advised last week that as long as market holding above 1267 another advance wave may hit market toward 1345-50 zone
As long as market holding below 1300-05 zone another drop correction to test 1270 zone may hit the market before uptrend resume toward 1345-50
Above 1305 market may enter new uptrend wave toward 1345-50 zone
Below 1267 more drop toward 1235 may be expected
Support | Resistance | |
Level 1 | 1280 | 1300-05 |
Level 2 | 1267 | 1315 |
Level 3 | 1251 | 1345-50 |