Gold 2016-04-25

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Gold

1233

Market managed to obtain weekly close below 1235 which my lead the coming short-run for another drop toward 1190-95 zone

as long as market holding daily close below 1238 the downtrend pressure will sustain where market will face support at 1220-25 zone

as long as market holding above 1220 another rebound correction toward 1260-63 will be expected before market resume drop toward 1190-95 zone

while any break below 1220 may set the market in short course toward 1190-95

  Support Resistence
Level 1 1220-25 1260-63
Level 2 1208 1275
Level 3 1190-95 1285

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