Gold 2016-12-20

Posted on

as we advised last week

Gold managed to sustain drop where Intraday momentum found 1122 support level before indicators pushed for some rebound correction

market faing resistance zone at 1140-45 where as long as market holding below this zone the downtrend pressure will sustain toward 1110

above 1145 market may initiate more advance toward 1160

Support Resistance
Level 1 1222-26 1140-45
Level 2 1110 1155-60
Level 3 1090 1180
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