Gold 2016-08-26
Market managed to hold downtrend pressure as market sustain trades below 1344 as we advised this week where managed to test support zone 1317-19 as we advised yesterday
we also advised that 1317-19 may provide support level for rebound correction where first resistance zone at 1330-35 which may give a trading zone
below 1317 market risk for farther drop to re-test old support 1305-10
above 1335 expect a test for 1348-53 zone
Support | Resistence | |
Level 1 | 1317-19 | 1330-35 |
Level 2 | 1305-10 | 1348-53 |
Level 3 | 1280 | 1367 |