Gold 2015-03-05

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GOLD 1200

Drop pressure back to affect Gold

market back to dump haven on Europe-Greek agreement 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 as we expected to fell to test 1195-99 support zone as we can see over the chart where market managed to attract more buyers as rebound correction

below 1167 market may head for another drop toward 1145 zone

as long as market holding trades below 1223 the downtrend pressure will sustain toward 1170

above 1223 market may add more advance where 1235-45 may become target for Gold

Daily Trend: Down
Weekly Trend: Down

  Support Resistence
Level 1 1195 1223
Level 2 1170 1237
Level 3 1140 1255

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