Gold 2018-05-21
Gold managed to retreat from 1325-27 resistnce zone where managed to hit target 1302 as we advised last week
Market managed to broke below 1302 which activated another drop wave toward target 1260-70 as we avdised befor
Market now showing Short-Run resistance at 1302 where as long as market holding below more drop toward 1260-70 zone will be expected which in Turn may activate rebound correction toward 1300
Intraday resistance laying at 11288
Support | Resistance | |
Level 1 | 1280 | 1288 |
Level 2 | 1270 | 1302 |
Level 3 | 1260 | 1315 |