Gold 2017-02-10

Gold managed to retreat from major resistance zone 1242 as we advised earlier this weak

As long as market holding below 1245 another drop wave will be expected toward 1170-80 zone, as we advised before

Intraday day showing support level at 1220 where as long as market holding above a chance for another advance toward 1235 and 1242 will be available

Below 1220 more drop will be expected toward 1170-80 zone

	Support	Resistance
Level 1	1220	1232-35
Level 2	1200	1245
Level 3	1180	1260