Gold closing from Short-Run target

Gold closing from Short-Run target

Rami
15 (11) 2016 - 09:52 (GMT)
0

The Precious Metal managed after the end of U.S. election process to back to downtrend pressure while market closing from Short-Run target zone as previous report advised (see here).

Intraday-Levels showing resistance levels at (1232) & (1241) where as long as Gold holding trades below one of those resistances more drop will be expected toward (1200-05) zone

Zone of (1200-05) will consider good zone to book profit for the old Short(Sell) positions, while it may provide a Long(Buy) opportunity with small stop loss below (1199).

Below (1199) market will face support level at (1190) and (1180).

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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