Forex Trading Library

Gold 2016-06-27

0 155

Gold

1327

As we advised last week, market jump into Gold as U.K decide to leave EU which spur demand for safe haven

market managed to retreat toward 1307 zone where we will consider 1300-10 as the support zone

however market still facing 1335 as resistance level which need a daily close above this level to confirm uptrend wave that may target 1393 and 1435

a break below 1300 may head the market again for drop correction toward 1255-60

  Support Resistence
Level 1 1300-10 1335
Level 2 1250-60 1393
Level 3 1220 1435
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