Forex Trading Library

Gold 2017-05-16

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as we advised before and as we see over our previous chart

we still holding same outlook for Gold

market managed to rebound from support zone 1215-20 as we advised before while market now facing resistance at 1236

as long as market holding below 1236 the chance for another drop to re-test 1214-15 zone

below 1214 more drop toward 1195 is expected

above 1236-38 more advance toward 1255 is expected

intraday levels still showing ability to continue trading zone between 1215 & 1236

  Support Resistance
Level 1 1221-25 1236
Level 2 1214-15 1255
Level 3 1195 1275
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