Forex Trading Library

Gold 2016-05-24

0 163

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
Leave A Reply

Your email address will not be published.