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Major demand Zone - $1080-85.
- Gold has recovered till $1095 after making a low of $1085. It is currently trading at $1092.
- Short term bounce back till $1120 is expected as long as support $1078 holds.
- On the lower side minor support are around $1078 and any break below targets $1070/$1060.
- Further weakness only below $1070.
- The minor resistance is at $1098 and any indicative break above would extend gains till $1110/$1124.
It is good to buy at dips around $1085 with SL around $1070 for the TP of $1110/$1124.
