Gold 2016-04-12

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Gold

1258

as we mentioned before that any daily close above 1240 or a break above 1244 will open new wave toward 1265 zone as first target

market so far managed to hit 1262.80 while as long as market holding above 1244 the uptrend will sustain toward 1265-75 resistance zone

from that zone 1265-75 we will expect another drop correction movement where main support will be at 1244

above 1285 market will show signals of farther advance toward 1300-07 zone

  Support Resistence
Level 1 1253 1265
Level 2 1244 1275
Level 3 1229 1285

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