Gold 2017-06-16

Jun 16, 11:34 am

as we advised yesterday and as we see over our previous chart

Gold managed to obtain a daily close below 1270 zone which may be a start for another drop correction wave that may head to 1245 and 1230-35 zone

Intraday indicators showing resistance at 1272 and 1282 where as long as market holding below one of those resistances the downtrend march may sustain toward 1245 or 1230

above 1282 market may back again to test 1295 zone

  Support Resistance
Level 1 1252 1272
Level 2 1245 1282
Level 3 1230-35 1295
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