Forex Trading Library

Gold 2015-11-16

0 111

XAUUSD

1092

market managed to sustain drop as expected toward target zone 1082-92 after U.S employment data 2 weeks ago

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 1100 and 1116

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

  Support Resistence
Level 1 1082 1100
Level 2 1072 1116
Level 3 1150 1120-25
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