Gold 2018-03-12
As we see over our previous chart and as we advised last week
Gold managed to retreat from resistance zone 1341-42 where managed to hit first target 1314-18 zone
Market managed to reboud from our first support level while faild so far to break above resistance 1325-26
As long as market holding below 1326 a chance for more drop to tetst uptrend line around 1305-07 is expected which in turn may provide another advance toward 1341
Above 1326 market may head for farther advance to re-test 1341 zone
Below 1302 market may risk for farther drop toward 1290 and maybe 1270
Support | Resistance | |
Level 1 | 1314 | 1326 |
Level 2 | 1302 | 1342 |
Level 3 | 1390 | 1355 |