Gold 2016-04-14

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Gold

1240

as we mentioned yesterday market faced drop correction as resistance zone 1265-75 still adding pressure over gold, while market rebound from support 1240 before retreat back to break below it

market tested support 1229.75 before rebound back toward 1240 as we see over our previous chart , while any daily close below 1235 will set downtrend wave over Gold that may affect the coming short-run trend

below 1229.75 market may head again to re-test support zone 1208-15 zone

  Support Resistence
Level 1 1229.75 1250
Level 2 1215 1265
Level 3 1208 1275

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