Gold takes support near trend line support, targets $1205
Gold has taken support near trend line $1168 and recovered from that level. Overall trend is bullish as long as support $1168 holds.
On the higher side minor resistance is around $1182.50 and break above will extend gains till $1194/$1205 in short term.
Break of $1168 will drag the commodity further down till $1142.
It is good to buy at declines at $1178 with SL around $1168 for the TP of $1194/$1205.
On the higher side minor resistance is around $1182.50 and break above will extend gains till $1194/$1205 in short term.
Break of $1168 will drag the commodity further down till $1142.
It is good to buy at declines at $1178 with SL around $1168 for the TP of $1194/$1205.