Gold 2016-03-08

Posted on

Gold

1276

Market managed to jump above 1264 last week in signs of farther advance toward 1300-10 zone as we advised last week

market facing support zone at 1245-48 where as long as market holding above this zone expect farther advance to sustain to test 1300-10 zone

market will lose strength below 1225 zone which may push the market to re-test 1190-1200 zone

intraday signals showing ability for trading zone between 1250 – 1280 as long as market holding below 1280, above 1280 maket may accelerate toward 1300-10 zone

  Support Resistence
Level 1 1250-60 1280
Level 2 1245 1290
Level 3 1230 1300-10
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