Gold 2016-10-12

Oct 12, 10:55 am

we still holding our previous outlook

short-run indicators showing ability for gold to hold trading zone between 1245 and 1280 for the coming period of time

mid level resistance at 1265-66 where as long as market holding below another dip toward 1245-47 zone will be expected before market resume advance toward 1280 zone as rebound correction

this model need market to hold trades above 1241 support

below 1241 market may sustain drop toward 1232 zone

Level 11245-471265-66
Level 212411280
Level 312321290
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