Gold 2015-02-11

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GOLD 1235

Drop pressure back to affect Gold

market back to dump haven as europe negotiating to keep Greece in the union block while Russia-germany-france meeting over ukrainian crises helped to dump haven more

so far market showing support zone at 1228 where as long as market holding trades above 1228 the ability to obtain rebound correction will sustain toward 1245-55 zone , which already done yesterday as market high at 1246

as long as market holding trades below 1255 the downtrend pressure will sustain over short-run toward 1200 zone

as long as the daily close sustain below 1270 the downtrend wave will sustain toward 1180 , any daily close above 1270 will restore the short-run uptrend movement

Daily Trend: Down
Weekly Trend: Up

  Support Resistence
Level 1 1228 1245
Level 2 1219 1255
Level 3 1200 1268


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