- Gold has made a high of $1190 and started to decline from that level. It is currently trading at $1176.
- It has broken minor trend line support $1180 (trend line joining $1151 and $1163) and break below targets $1163/$1159.
- Short term bullish invalidation only below $1158.
- 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
