- Gold has breaks short term support $1145 and declined till $1133 from that level. It is currently trading at $1136. Overall trend is still weak as long as resistance $1150 holds.
- On the downside minor support is around $1130 and break below targets $1115/$1100.
- Overall trend reversal can happen only above $1170 level.
- The pair’s minor resistance is around $1141 and break above targets $1150.
It is good to sell on rallies around $1140-42 with SL around $1151 for the TP of $1130/$1115
The material has been provided by InstaForex Company – www.instaforex.com