Gold 2015-03-09
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 |