Forex Trading Library

Gold 2016-05-25

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Gold

1221

market managed to break below support 1238-40 yesterday which triggered farther drop movement where market facing now support at 1218-20 zone while may give the market chance a rebound correction toward 1230-35 before downtrend resume

below 1218 market will add more sign of continues drop toward 1209 and 1192 zone

in general zone of 1192 – 1209 will consider as support zone which may hit the market for rebound correction so nee to watch carefully

  Support Resistence
Level 1 1218 1230-35
Level 2 1209 1240-45
Level 3 1192 1262
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