Gold 2016-03-15

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Gold

1234

Market managed to fell below support level of the uptrend channel in first signal of farther drop yet to come

market facing resistance at 1238 and 1245 where as long as market holding below 1245 will expect farther drop to hit the market toward 1210-15 and 1180-90 zone

above 1245 market will restore strength again where will face 1261 and 1271 as resistance levels

  Support Resistence
Level 1 1225 1238
Level 2 1210-15 1245
Level 3 1180-90 1261

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