Gold 2017-05-31

May 31 2017, 11:13 am

Gold managed yesterday to hit below 1262 in signs of more drop may hit the market

Intraday levels showing resistance at 1265 where as long as market holding below more drop toward 1245 zone is expected

above 1266 market may sustain advance to test 1275-80 resistance zone which in turn may send the market toward drop correction to 1245

above 1280 market will face 1295 resistance

  Support Resistance
Level 1 1259 1265
Level 2 1245 1275-80
Level 3 1221-25 1295
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