Forex Trading Library

Gold 2015-10-02

0 121

XAUUSD

1106

Market still trading near from the major mid-term down trend , no clear signal for down move as long as market still trading higher than the levels of 1088s , and no clear signal as well for the upward move as long as market trading below the levels of 1133s . So , we will consider the mentioned levels as the lower and upper band for the market on the short term awaiting a breakout of one of them . This breakout is highly expected to be today upon the release of the monthly job report ( NFP ).

However, if the market fall below 1119s ,then a target at 1104, is the expected target.

  Support Resistence
Level 1 1105 1122
Level 2 1195 1138
Level 3 1182 1155
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