Forex Trading Library

Gold 2016-11-01

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Gold managed last Friday to head toward target 1280 while market facing now resistance zone at 1284-89

As long as market holding below this resistance zone another drop toward 1257-60 will be expected which may activate some rebound correction from that support

Below 1257 more drop will be expected toward 1241-45 zone

above 1290 market may head farther to test 1305-10 zone

  Support Resistence
Level 1 1271 1284-89
Level 2 1257-60 1305.10
Level 3 1241-45 1325-30
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