Gold sustain advance after breaking resistance levels

Gold sustain advance after breaking resistance levels

Rami
06 (09) 2016 - 21:50 (GMT)
0

The precious metal managed to break above resistance levels (1340-43) where lower than expected ISM Non-Manufacturing PMI spurred demand for Gold, where previous Intraday-Levels report advised (see here).

From that resistance levels a drop correction may hit the market toward (1328-30) zone if market managed to hold trades below (1359)

While above (1359) more advance may be available toward (1367-75) zone

Below (1328) more drop will be expected toward (1312-15) zone

 

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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