Gold fell below support level with drop pressure

Gold fell below support level with drop pressure

Rami
04 (10) 2016 - 11:29 (GMT)
0

The Precious Metal fell below support (1310) which may be the first sign of farther weakness to head for test (1303) zone within Intraday-Levels.

Resistance zone at (1312-15) where as long as market holding trades below the opportunity to Short(Sell) market will sustain toward (1303).

Blow (1303) more drop will be expected toward (1285-90) zone.

Above (1315) market will have chance for farther rebound correction where will face resistance at (1328-29) 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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