Gold 2015-02-17

0 59

GOLD 1222

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

while market faced more drop pressure on Ukraine Cease-Fire Deal

market managed to hit low of 1217 last week while downtrend pressure still affecting market to test 1195-99 zone

as long as market holding trades below 1255 the downtrend pressure will sustain over short-run toward 1195-99 zone , while first resistance at 1245

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 1217 1245
Level 2 1210 1255
Level 3 1195-99 1268


or practice on DEMO ACCOUNT

Trading CFDs Involves high risk of loss

Leave A Reply

Your email address will not be published.