FxWirePro: Gold faces strong trend line resistance around $1154, good to sell on rallies

Gold breaks trend line resistance around $1152(trend line joining $1169 and $1156) and  declined from level. This confirms short term weakness, a decline till $1128 is possible.

• On the higher side major resistance is around $1154 and break above targets $ 1160/$1169.
   
• On the downside minor support is around $1140 and any break below targets $1134/$1128.
   
• Further weakness  only below $1128 level.

It is good to sell on rallies $1145-47 with SL around $1154 for the TP of $1134/$1128.