Gold 2016-04-07

Posted on

Gold

1238

Gold managed to break above resistance level of the downtrend channel which may affect the short-run movement

market still facing resistance zone at 1244 where as long as market holding below this level the downtrend pressure will sustain

any daily close above 1240 or a break above 1244 will reverse the short-run indicators toward up where first target will be 1265

  Support Resistence
Level 1 1222-25 1244
Level 2 1208 1265
Level 3 1190-95 1285
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