GOLD 1280
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
while European finance ministers agreed to work with the new Greek prime minister to keep the country in the euro which helped to dump safe haven demand
market managed to jump above 1296 which adding more advance for Gold where 1310 and 1325 is now possible targets
as we see over the chart market facing resistance trends around 1325-30 zone , which may face some selling positions at market there
if market failed to break above 1330 another drop toward 1270 will be expected where trading zone between 1270 – 1330 may occur
main support for the short-run at 1238
Daily Trend: Up
Weekly Trend: Up
| Support | Resistence | |
| Level 1 | 1270 | 1310 |
| Level 2 | 1263 | 1325-30 |
| Level 3 | 1255 | 1345 |
