FxWirePro: Gold faces strong support near 200 day 4HMA, good to buy at dips
Gold has recovered till $1147 after making a low of $1117. It is currently trading at $1139. Overall trend is still bullish as long as support $1115 holds. On the downside major support is around $1115 and break below ta…
Gold has recovered till $1147 after making a low of $1117. It is currently trading at $1139. 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.
The pair's minor support is around $1128
Overall trend reversal can happen only above $1170 level.
The pair's minor resistance is around $1150 and break above targets $1162/$1170.
It is good to buy at dips around $1125-28 with SL around $1115 for the TP of $1145/$1150.
