Gold 2015-10-02

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