Gold 2016-12-09
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 |