Gold 2016-03-28

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Gold

1216

As we see over the chart, market managed to hit last week our first target 1215 inside our projected downtrend channel

Gold facing resistance at 1226 and 1240 where as long as market holding below those resistance will expect farther drop to test 1180-90 support zone

above 1240 market may head for farther advance toward 1265 zone

  Support Resistence
Level 1 1205 1226
Level 2 1190 1240
Level 3 1180 1265

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