Gold 2015-11-25
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 |