Gold 2016-04-06

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Gold

1223

as we see market failed to obtain any daily close above 1240 which holding the downtrend pressure over the Gold

market just hit below 1222-25 support zone which indicating farther drop toward 1215 and 1190-95 zone

as long as the daily close sustain below 1240 the downtrend wave will sustain, while a daily close above 1240 may open the way toward 1265 again

  Support Resistence
Level 1 1215 1235
Level 2 1208 1244
Level 3 1190-95 1265

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