Forex Trading Library

Gold 2017-05-04

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Gold managed to sustain drop as we advised before where managed to fell below 1240 zone

as we see over the chart market still having room for more drop to test support line around 1215-20 zone which may provide rebound correction toward 1263

below 1215 more drop will be expected to attack support level 1195

above 1263 more advance may hit market toward 1280-85 zone

  Support Resistance
Level 1 1227 1263
Level 2 1215-20 1278
Level 3 1195 1288
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