Gold 2017-08-24

Aug 24, 11:37 am

As we advised early this week and as we see over our previous chart

Gold managed to test 1300 last week before heading for some drop correction

We advised last week that as long as market holding above 1267 another advance wave may hit market toward 1345-50 zone

As long as market holding below 1300-05 zone another drop correction to test 1270 zone may hit the market before uptrend resume toward 1345-50

Above 1305 market may enter new uptrend wave toward 1345-50 zone

Below 1267 more drop toward 1235 may be expected

  Support Resistance
Level 1 1280 1300-05
Level 2 1267 1315
Level 3 1251 1345-50
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