Gold 2016-05-24
Gold
1243
Market back again to test 1240-44 support trend line , while market waiting daily close to confirm additional downtrend pressure indicators
market facing support at 1240 while resistance at 1262
as long as the daily close below 1262 the downtrend pressure may sustain to try break below 1238-40 which may place new wave toward 1210-15 zone
a daily close above 1262 may activate farther rebound correction where first resistance will be at 1275
Support | Resistence | |
Level 1 | 1238-40 | 1262 |
Level 2 | 1225 | 1270-75 |
Level 3 | 1210-15 | 1285 |