Thursday, October 15, 2026

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FxWirePro: Gold recovers after making a low of $1167, good to sell on rallies

Gold has recovered till $1180 after making a low of $1167 and is currently trading at $1174.80. The commodity is facing strong support around $1167 and break below targets $1160/$1150. Short term bearish invalidation onl…

By Lis Howell
1 min read
FxWirePro: Gold recovers after making a low of $1167, good to sell on rallies
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  • Gold has recovered till $1180 after making a low of $1167 and is currently trading at $1174.80.
     
  • The commodity is facing strong support around $1167 and break below targets $1160/$1150.
     
  • Short term bearish invalidation only above $1190.
     
  • On the higher side major resistance is around $1190 and break above targets $1200.

It is good to sell on rallies around $1177-80 with SL around $1190 for the TP of $1163/$1159          

 

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