Forex Trading Library

Gold 2015-10-13

0 107

XAUUSD

1155

Market has broken the mid-term down trend at the levels of 1120s , as long as the market trading higher than these levels then on the short-term the higher probability move would be upward with increasing buying pressure to 1156s then 1165 respectively which is already hit !

So we do expect on the mid-term a target at 1200s/1220s, as long as , we are still higher than 1122s for an ounce.

  Support Resistence
Level 1 1152 1168
Level 2 1147 1179
Level 3 1138 1200
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