FxWirePro: Gold faces major support around $1230, good to buy at dips

• Major Support - $1230 (trend line joining $1190 and $1225)
   
• Major resistance - $1261 (trend line joining $1284 and $1270)
   
• Yellow metal has made a low of $1240 and started to recover from that level. Short term trend is bullish as long as support $1230 holds.
   
• On the higher side minor resistance is around $1250 (7 day EMA) and break above targets  $1261/$1270 level.  
   
• Major trend reversal level $1285.
   
• Any break below $1230 confirms minor trend reversal, a decline till $1210/$1200 is possible.
   
• Overall bullish invalidation only below $1190.

It is good to buy at dips around $1245-$1247 with SL around $1230 for the TP of $1261/$1270$1283