Gold still holding support level for the Short-Run

Gold still holding support level for the Short-Run

Rami
31 (08) 2016 - 09:35 (GMT)
0

As we see over the chart, Gold still holding trades above support level of (1290) for the coming Short-Run, while Intraday-Levels showing an upper support zone of (1305-10) as previous report advised (see here).

Short-Run still trying to hold above support (1290) which if succeed will give the chance for uptrend wave to hit the market to break above resistance zone (1375-92) and to continue toward (1435-50) zone.

While below (1290) more drop will be expected toward (1200-20) while an earlier support level will rise at (1250).

GOLD

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Rami

Rami

Hi all, my name is Rami, with more than 16 years experience in Forex Market, switching from Brokerage field to Fund Management and Risk Management specialty.I had an idea to establish a Home Page to present my thoughts on Forex Market from three different angle or prospective, Mid-Run, Short-Run & Intraday movements .

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