Gold testing main resistance zone for Short-Run

Gold testing main resistance zone for Short-Run

Rami
03 (11) 2016 - 10:54 (GMT)
0

Gold managed to sustain advance to test resistance zone (1305-10) after breaking above (1289) as previous Intraday-Levels report advised (see here).

Market retested this resistance zone (1305-10) again today which consider as the main barrier between Up-trend & Downtrend wave for the Short-Run.

As long as market holding below this resistance zone will expect another downtrend wave to initiate which keep the Short-Run and Mid-Run target sustain toward (1200-10) zone.

Above (1310) market may start to create an uptrend wave which may head to re-test resistance zone (1325-30) before market resume advance toward (1360).

 

 

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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