GOLD 1228
Gold between Haven & Dollar hike
market managed to activate more drop pressure over Gold after FOMC rate projections for rising interest rate as soon as this April
while economic data from Europe and Japan showing slow down which may cause more deflation in prices which will affect Gold for more drop also this year year
market managed to obtain yearly close of 2014 below 1200 which holding the drop pressure over gold
short-run
market managed to hold rebound correction toward 1235 and 1245 as expected , while so far market still holding trades below 1255
as long as market holding trades below 1255 the downtrend pressure will back over short-run where first target will be toward 1220 and 1200
above 1255 market may sustain advance to test 1270-80 zone
Long-Run
long-run downtrend wave that we advise last 2 years still targeting 1100 , where as long as market holding trades below 1270-80 zone the target will remain toward 1100
Daily Trend: Up
Weekly Trend: Down
| Support | Resistence | |
| Level 1 | 1220 | 1245 |
| Level 2 | 1200 | 1255 |
| Level 3 | 1180 | 1270-80 |
