Forex Trading Library

Gold 2015-11-12

0 116

XAUUSD

1087

market managed to sustain drop as expected toward target zone 1082-92 after U.S employment data last Friday

we also advised that this zone may be consider as long(buy) zone for the short-run trading

as long as market holding trades above support 1072 will expect another rebound to retest 1120-25 zone

while below 1072 market may sustain drop toward 1050 and 1020 zone

  Support Resistence
Level 1 1082 1104
Level 2 1072 1115
Level 3 1150 1120-25
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