Gold 2015-01-19

Posted on

GOLD 1275

Gold on demand as haven

market jumped into haven Gold after SNB announced last week 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 managed last friday to hit above 1277 zone

so far market showing ability to sustain advance toward 1296 , while support base would consider at 1238 , as long as market holding trades above 1238 the target will sustain toward 1296

above 1296 market may add more advance toward 1310 and 1325

Daily Trend: Up
Weekly Trend: Up

  Support Resistence
Level 1 1255 1296
Level 2 1238 1310
Level 3 1220 1325
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