Gold 2015-02-18

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GOLD 1205

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

a daily close below 1195 may add more drop pressure to test 1170 zone

Daily Trend: Down
Weekly Trend: Up

  Support Resistence
Level 1 1195-99 1216-19
Level 2 1170 1228
Level 3 1140 1235


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