Gold 2015-01-16
GOLD 1259
Gold on demand as haven
market jumped into haven Gold after SNB announced yesterday the ending of exchange rate cap with Euro which placed demand for haven over short-run
market managed to jump above 1255 where managed to sustain advance while hit 1266 yesterday
so far market showing trading zone between 1245 – 1270 , where market showing resistance zone at 1270-77
as long as market holding trades below 1270-77 expect drop correction toward 1245-50 , while below 1244 expect 1230 zone
above 1277 market may sustain advance toward 1296
Daily Trend: Up
Weekly Trend: Down
Support | Resistence | |
Level 1 | 1245 | 1270 |
Level 2 | 1230 | 1277 |
Level 3 | 1220 | 1296 |