Gold 2015-03-09

0 40

GOLD 1175

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

while last week U.S labor market data add more drop pressure over Gold as U.S interest rate hike bets increased

Market may head for some trading zone between 1160 – 1220 , while as long as market holding trades below 1223 the downtrend pressure will sustain to test 1145 zone

Daily Trend: Down
Weekly Trend: Down

  Support Resistence
Level 1 1163 1190
Level 2 1143 1210
Level 3 1132 1223


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