FxWirePro: Gold faces strong support near 200 day 4HMA, good to sell on rallies

• Gold has recovered till $1140 after making a low of $1117. It is currently trading at $1132. Overall trend is still weak as long as resistance $1150 holds.
  
  
• On the downside major support is around $1115 and break below targets $1100/$1080.
  
  
• The pair's minor support is around $1128
  
  
• Overall trend reversal can happen only above $1170 level.
  
  
• The pair's minor resistance is around $1150 and break above targets $1162/$1170.

It is good to sell on rallies around $1132-35 with SL around $1146 for the TP of $1116/$1100.