Gold 2016-06-23

Gold

1262

as we advised before, market managed to fell below 1276 which triggered farther drop movement that may target 1250-55 zone

as long as market holding below 1280 the drop pressure will sustain toward 1250-55

if market managed to hold trades above 1250 another rebound correction may hit market toward 1280-90

below 1250 market may add more drop toward 1215 zone

	Support	Resistence
Level 1	1250-55	1280
Level 2	1215-20	1295
Level 3	1200	1315