Gold 2015-01-16

0 51

GOLD 1259

Gold on demand as haven

market jumped into haven Gold after SNB announced yesterday the ending of exchange rate cap with Euro which placed demand for haven over short-run

market managed to jump above 1255 where managed to sustain advance while hit 1266 yesterday

so far market showing trading zone between 1245 – 1270 , where market showing resistance zone at 1270-77

as long as market holding trades below 1270-77 expect drop correction toward 1245-50 , while below 1244 expect 1230 zone

above 1277 market may sustain advance toward 1296

Daily Trend: Up
Weekly Trend: Down

  Support Resistence
Level 1 1245 1270
Level 2 1230 1277
Level 3 1220 1296


or practice on DEMO ACCOUNT

Trading CFDs Involves high risk of loss

Leave A Reply

Your email address will not be published.