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Gold has recovered after making a low of $1085 on Friday. It is currently trading at $1094.
- Short term bounce back till $1120 is expected as long as support $1178 holds.
- On the lower side minor support are around $1078 and any break below targets $1070/$1060.
- 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 $1090 with SL around $1078 for the TP of $1110/$1124.
