Gold 2016-05-20

May 20, 11:34 am

Gold

1255

As we see over our last chart, market managed to test support line 1240-44 and head for rebound correction so far toward 1259

market will have chance for another test toward 1244-46 which will be protected by support 1240 where if market managed to hold Gold above another rebound correction will be expected toward 1270-75

below 1238 market may head for farther drop toward zone 1210-15

  Support Resistence
Level 1 1240-44 1262
Level 2 1225 1270-75
Level 3 1210-15 1285
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