Gold 2016-11-04

Nov 04, 11:49 am

as we advised yesterday

market managed to jump above 1289 which give the way for farther advance where main resistance zone laying around 1303-07 zone

this zone will consider the main zone between continue drop wave or any reverse at the current market prospective

as long as market holding below this zone the downtrend outlook will sustain where another drop toward 1250 will be expected

above 1307 market may add more advance to re-test 1325-30 zone before new uptrend wave take Gold toward 1370 zone

  Support Resistence
Level 1 1294 1305-10
Level 2 1284 1325-30
Level 3 1271 1350
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