Gold 2015-03-10

0 3

GOLD 1158

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 .

As long as market is trading below 1165 a further drop to 1140s levels is expected to a new low levels below 1130s.

Daily Trend: Down
Weekly Trend: Down

  Support Resistence
Level 1 1152 1165
Level 2 1148 1176
Level 3 1141 1182

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