Forex Trading Library

Gold 2018-04-24

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Gold managed to maintain tight zone inside our expected trading zone without testing any of support OR resistance

As long as market holding trades above 1318-20 support a traing zone toward 1335-36 will be expected

Below 1318 market may head for farther drop movement to test 1305-10 where below this zone a major risk for farther drop wave toward 1260-70 may occur

Above 1336 farther rebound correction will be expected toward 1350-55 zone

  Support Resistance
Level 1 1318-20 1335-36
Level 2 1305-10 1350-55
Level 3 1290 1365
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