Gold 2016-05-06

May 06, 1:14 pm

Gold

1280

As we see over our previous chart, market managed to retreat from 1303.80 as first drop correction toke place

as long as market holding below 1305-10 zone will expect some trading zone as we advise before between 1270 – 1310

as long as market holding above 1270 we will expect farther advance to break above 1310 and head toward 1325 and 1350

Market managed yesterday to hit below 1270 which may be a sign of continues drop as long as market holding trades below resistance 1287

however market expecting important data today for US economy which may drive the market

downtrend confirmation will be below 1262

 SupportResistence
Level 112701305-10
Level 212621325
Level 31235-401350
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