TheBanker

XAU/USD 16/4/2016

FX:XAUUSD   Gold/U.S. Dollar
Gold            

1233.39
Market managed to sustain drop where tested 1225 zone while as we see over the chart market will face support zone at 1215-20 for the uptrend line.

as long as market holding above support 1215-20 another rebound toward 1245-50 may be expected

below 1208 market will face new drop pressure to head for testing 1190-95 zone


Support Resistance
Level 1 1215-20 1245-50
Level 2 1208 1265
Level 3 1190-95 1275



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