Forex Trading Library

Gold 2016-06-06

0 175

Gold

1242

Market managed to jump fast above resistance 1220 after US jobs report last Friday

as we see over the chart, market now in trading zone between 1190 – 1265

while short run may sustain advance to test 1265 before a drop correction hit the market

short-run showing support at 1228 where as long as market holding above the uptrend will sustain to test resistance 1255 and 1265

below 1228 market may back to downtrend movement

  Support Resistence
Level 1 1228 1255
Level 2 1215 1265
Level 3 1200 1275
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