
We still holding our previous outlook for the Gol
As we see over our previous chart and as we advised before Gold managed to met targets 3945-50 and 3980-85 while managed to boke above resistance trend early today
Market is now facing first Support zone around 3975-85 where as long as market holding trades above it more advance toward 4050 and above will be expected
Below 3975 more drop may hit the market with support around 3945
Below 3945 more of a drop will be expected with supports around 3920 and 3890, where each one of those supports have the chance to re-activate the advance wave again.
SUPPORT | RESISTANCE | |
LEVEL1 | 3975-85 | 4025 |
LEVEL2 | 3945 | 4050 |
LEVEL3 | 3920 | 4085 |
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