FxWirePro: Gold faces short term support around $1130, good to sell on rallies
Gold has breaks short term support $1145 and declined till $1133 from that level. It is currently trading at $1136. Overall trend is still weak as long as resistance $1150 holds. On the downside minor support is around $…
Gold has breaks short term support $1145 and declined till $1133 from that level. It is currently trading at $1136. Overall trend is still weak as long as resistance $1150 holds.
On the downside minor support is around $1130 and break below targets $1115/$1100.
Overall trend reversal can happen only above $1170 level.
The pair's minor resistance is around $1141 and break above targets $1150.
It is good to sell on rallies around $1140-42 with SL around $1151 for the TP of $1130/$1115
