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Gold breaks strong resistance around $1170 (Aug 24th high) and this confirms short term bullishness , a jump till $1187 is possible.
- On the downside minor support is around $1163 and any break below targets $1156/$1150.
- Short term weakness only below $1150 level and break below targets $1140/$1130.
It is good to buy at dips $1160-65 with SL around $1150 for the TP of $1187.
