Gold 2016-12-05

Gold managed to retreat back fast below 1180 after market hit 1188 high today

As long as market holding daily close below 1181 the downtrend pressure will sustain toward 1150 zone

Any daily close above 1181 may set another rebound correction wave toward 1220 zone

 

  Support Resistence
Level 1 1160 1181
Level 2 1150 1197
Level 3 1130 1220

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