Gold 2018-05-02
Gold managed to edge lower below 1315 where managed to test 1302-05 support zone befor emarket rebound few dollars up
As market closing from FOMC statement today a chance for the downtrend side to sustain as long as market holding below resistance 1315-17 zone for more drop toward 1290 and 1280
Above 1317 a chance for more advance to test 1325-27 zone is expected
While Short-Run seeing that as long as Gold holding the Daily close below 1333 the downtrend wave may sustain toward 1260-70 zone
Support | Resistance | |
Level 1 | 1299 | 1315-17 |
Level 2 | 1290 | 1325-27 |
Level 3 | 1280 | 1333 |