Gold 2016-02-15

Gold

1237

Market managed to hold trades above our support zone 1200 while managed last week to hit our target 1255

short-run managed to fell below 1229 where we expected second support zone at 1200-10 which may drive the market back to uptrend movement

however and as we see over the chart market holds 2 support zone where first one at 1200-08 and second one at 1180-90, where as long as market holding above 1180 the uptrend wave will sustain for short-run here market may target again 1250-60 zone

below 1180 this will be a negative sign that may drive market lower toward 1145 zone

	Support	Resistence
Level 1	1200-08	1226
Level 2	1180-90	1240
Level 3	1145	1255