Forex Trading Library

Gold 2015-11-25

0 119

XAUUSD

1072

Market fell yesterday from 1081 zone which initiate new triangle formation as we see over the chart

market may hold trades inside this triangle why any break may head the market toward one of our target zone as we display over chart

1098 consider the main resistance for this model where as long as market holding trades below 1098 the downtrend will sustain toward 1040-45 zone

below 1040 market may sustain drop toward 980 zone

  Support Resistence
Level 1 1065 1081
Level 2 1040-45 1088
Level 3 980 1095-98
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