Gold 2016-12-09

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short run indicators start to show that gold either hit bottom or closing from hit bottom before a rebound correction may hit market toward 1220 zone

as long as market holding trades with daily close above 1145-50 zone arebound correction is expected toward 1220 zone

below 1245 with daily close, this may add more drop pressure for farther retreat toward 1125 and 1110

Support Resistance
Level 1 1165 1188
Level 2 1150 1197
Level 3 1140 1220


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