Forex Trading Library

Gold 2017-06-27

0 158

as we advised last week and as we see over our previous chart

Gold managed to obtain a daily close below 1270 zone which may be a start for another drop correction wave that may head to 1245 (target done) and 1230-35 zone

Intraday indicators showing resistance at 1258-59 where as long as market holding below one of those resistances the downtrend march may sustain toward  1230-35 zone

above 1259 market may back again to test 1282 zone

  Support Resistance
Level 1 1242 1258-59
Level 2 1230-35 1272
Level 3 1215 1282
Leave A Reply

Your email address will not be published.