Gold 2016-05-11

Gold

1272

Market managed to hit above 1274 which may activate rebound correction toward 1285-90 zone for the coming short-run

while from there and as long as market holding below 1290 another drop wave toward 1235-40 zone may control the market

risk for mare advance will be above 1290 where market chance to continue advance or to head again for drop may have 50/50 chance

	Support	Resistence
Level 1	1268	1274
Level 2	1259	1285-90
Level 3	1240	1303