Gold 2016-08-22
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 |