Gold 2016-08-05

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we still holding our last projection for Gold for the Short-Run

we advised before that market may head for trading zone between 1346 – 1375 for the coming short-run (which already holding the market inside)

Intraday levels showing ability to resume this trading zone where as long as market holding below 1367 another drop will be expected toward 1346-47 zone before market resume uptrend toward 1372-75 zone

below 1346 market may head for farther drop toward 1328-30 while a resistance on this wave will appear at 1337

above 1367 market will face resistance at 1375 where above this level expect a test for 1392

  Support Resistence
Level 1 1346 1375
Level 2 1328-30 1392
Level 3 1305-10 1430


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