Forex Trading Library

Gold 2016-08-22

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Gold managed to obtain daily close last Friday below 1343 in signs of ability to add more drop correction over short-run

market now facing resistance at 1344 where as long as market holding below will expect farther drop to break below 1330 support and to head toward 1315-20 zone

above 1344 market may have chance to test resistance zone for the Triangle Formation around 1353-55

  Support Resistence
Level 1 1330 1343-44
Level 2 1315-20 1353-55
Level 3 1305-10 1368
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