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Support 1: $1078
Support 2: $1072
Support 3: $1066
Current Rate - $1085
Resistance 1- $1087
Resistance 2- $1092
Resistance 3- $1102
Commentary:
Gold's major support falls at 1072 and daily close below this level opens the new trading range of 1066-1082.
Alternatively, reversal from that major support brings the pair towards 1092 level again.
Short Term Call: Sell between $1087-1090
Stop Loss- $1092
Take Profit- $1078
Prefer to take range bound trading movement between $1074-1092 levels.
