Gold 2016-05-18

May 18, 11:21 am

Gold

1272

as we see over our previous chart, market built uptrend channel where market facing support at 1266-68 zone

as long as market holding above this support another wave toward 1295 may hit the market

below 1266 market will back again to face 1257 support zone which may hit the market for rebound correction toward 1285 again

below 1257 market may add more drop toward 1240 zone

  Support Resistence
Level 1 1266-68 1281
Level 2 1257 1289
Level 3 1240 1295
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