Forex Trading Library

Gold 2018-05-21

1 280

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
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