Gold 2016-10-06
Intraday indicators start to show ability for rebound correction inside the daily trades where this scenario see 1262 as the support level
as long as market holding above 1262 a rebound correction toward 1275 and 1281-83 zone will be available before downtrend wave resume toward 1250
while above 1283 more advance toward 1293-95 will have chance befor back to the downtrend wave
the other scenario is that market below 1262 may sustain the drop movement toward 1250
Support | Resistence | |
Level 1 | 1362 | 1381-83 |
Level 2 | 1350 | 1393-95 |
Level 3 | 1325 | 1303-06 |