Gold 2016-02-29

Feb 29 2016, 12:44 pm

Gold

1229

as long as market holding trades below 1264 another drop correction will still on hand to test 1180-85 zone

above 1264 market may head to test 1300-10 zone

short-run: market showing trading zone between 1211 – 1250 , while market showing first resistance at 1238-43 zone where as long as market holding below this resistance another drop will be expected toward 1220 zone

below 1211 will be good sign of continues drop to test 1180-85 zone

  Support Resistence
Level 1 1218-20 1238-43
Level 2 1211 1250
Level 3 1200 1264
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