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- Major resistance - $1109 (Jan 20th 2016)
- Gold has broken major resistance $1109 which confirms minor bullishness , jump till $1120/$1134 (200 day MA) is possible.
- Minor weakness can be seen only below $1090 and break below targets $1080/$1071 in short term.Minor support is around $1098 (5 day MA).
- Short term bullish invalidation only below $1045 level.
It is good to buy at dips around $1100 with SL around $1090 for the TP of $1120/$1134.
