Gold 2016-02-29
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 |