Gold
1221
As we mentioned yesterday ‘market managed to break below support 1238-40 yesterday which triggered farther drop movement where market facing now support at 1218-20 zone which may give the market chance a rebound correction toward 1230-35 before downtrend resume’
market managed to move along with our expectations where managed to head for rebound correction from 1218 toward 1234 so far
as long as market holding below 1235 the downtrend pressure will sustain, while above 1235 market will have chance for farther advance toward 1250-55 zone where downtrend pressure will back again to affect market with resistance level at 1262
below 1218 market will add more sign of continues drop toward 1209 and 1192 zone
in general zone of 1192 – 1209 will consider as support zone which may hit the market for rebound correction so nee to watch carefully
| Support | Resistence | |
| Level 1 | 1218 | 1235 |
| Level 2 | 1209 | 1262 |
| Level 3 | 1192 | 1285 |
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