FxWirePro:Gold faces strong support at $1190, good to buy at dips

• Major support- $1190 (55 W EMA)
   
• The yellow metal has broken major support at $1205 and declined till $1199 at the time of writing.
   
• Gold’s major resistance around $1218 (100 day EMA) and any slight bullishness only above that level.
   
• Any indicative break above $1218 will take the commodity till $1225/$1235 level.  Short term bullishness only above $1243 (55 day EMA).
   
• On the lower side major support is around $1190 and any break below targets $1175/$1160.
   
• StochRsi- Over sold

It is good to buy at dips around $1200 with SL around $1190 for the TP of $1218/$1225