Forex Trading Library

Gold 2017-06-29

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as we advised last week 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 (target done) and 1230-35 zone

Intraday indicators showing resistance at 1258-59 where as long as market holding below one of those resistances the downtrend march may sustain toward  1230-35 zone

above 1262 market may back again to test 1282 zone

  Support Resistance
Level 1 1239 1258
Level 2 1230-33 1272
Level 3 1215 1282
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