Gold 2016-06-29

Gold

1321

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 1300-07 zone where we will consider 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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