Gold 2016-03-30

Posted on

Gold

1236

Market managed to jump above 1225 yesterday which allowed market for more advance toward 1240 while as we see over the chart market facing resistance zone of the downtrend channel around 1244

as long as market holding below 1244 the downtrend pressure will back for another visit toward 1200-05 zone

intraday levels showing support at 1234 where as long as market holding above this level the chance will sustain to re-test 1244 where above this zone expect 1265

  Support Resistence
Level 1 1234 1244
Level 2 1225 1265
Level 3 1200-05 1285
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