Gold 2016-05-02

May 02, 11:34 am

Gold

1278

As we advised last week , market managed to break above 1271 which activated another advance wave that may target 1305-10 zone

as long as market holding below 1310 will expect from there another drop correction 1280 before market build another uptrend wave that may target 1350-80 zone

main support at 1270 where as long as market holding above this level the uptrend will sustain , below 1270 risk for downtrend may back

  Support Resistence
Level 1 1280 1305-10
Level 2 1270 1325
Level 3 1240 1350
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