Gold 2016-12-21

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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 1122-26 1140-45
Level 2 1110 1155-65
Level 3 1090 1180

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