Gold 2016-09-01

Posted on

As we advised yesterday

Gold managed to hit below 1317 where managed to sustain drop to test our support zone 1305-10

As long as market holding above 1305 another rebound will be expected toward 1325 and 1340

Below 1305 market (where zone 1302-03 would consider as break of the support) will face more drop pressure where another support at 1290 

Below 1290 market may enter new drop wave that will face first support at 1250

  Support Resistence
Level 1 1305 1325
Level 2 1290 1340
Level 3 1250 1367
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