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- Gold has declined till $1116 after making a low of $1147. It is currently trading at $1122. Overall trend is still bullish as long as support $1115 holds.
- On the downside major support is around $1115 and break below targets $1100/$1080.
- Overall trend reversal can happen only above $1170 level.
- The pair's minor resistance is around $1125 and break above targets $1136/$1147.
- Short term trend reversal only above $1150
It is good to buy at dips around $1120 with SL around $1115 for the TP of $1145/$1150.
