FxWirePro:Gold faces strong support at $1211, good to buy at dips

• Major support- $1211 (100 W EMA)
   
• The yellow metal has broken $1217.65 low made on Wednesday today morning and declined till $1211.52 at the time of writing.
   
• Gold has jumped till $1234 yesterday and started to decline from that level. It is facing major resistance around $1238 (7 day EMA) and any slight bullishness only above that level.
   
• Any indicative break above $1238 will take the commodity till $1243/$1250 level.  Short term bullishness only above $1260.
   
• On the lower side major support is around $1211 and any break below targets $1200/$1190/$1175.
   
• StochRsi- Over sold

It is good to buy at dips around $1217 with SL around $1210 for the TP of $1225/$1235