Gold 2018-03-12

Posted on

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
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