Gold 2017-01-13
Gold managed to hold advance toward target 1204
Market now facing resistance at 1206-07, as long as market holding below this zone another drop wave will be expected toward 1160
above 1207 more advance may hit market toward 1230-40 zone
1230-40 will consider as the main resistance for the coming Short-Run which may activate another drop wave toward 1160 zone
Above 1240 more advance toward 1275-85 will be expected
Support | Resistance | |
Level 1 | 1190 | 1204-07 |
Level 2 | 1171 | 1221 |
Level 3 | 1160 | 1232 |