Gold 2015-01-15

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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

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