GOLD 1248
Gold on demand as haven
market jumped into haven Gold after SNB announced today the ending of exchange rate cap with Euro which placed demand for haven over short-run
market now testing resistance zone 1245-55 while as long as market holding trades below 1255 the downtrend pressure may affect the market soon
above 1255 market may gain more strength where target would be toward 1270 where the downtrend channel laying at 1270-75 zone
any daily close above 1280 may activate farther advance over market
Daily Trend: Up
Weekly Trend: Down
| Support | Resistence | |
| Level 1 | 1220 | 1245-55 |
| Level 2 | 1200 | 1270-75 |
| Level 3 | 1180 | 1295 |
