- 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
