Gold breaks short term trend line resistance, targets $1206
Gold has broken resistance $1185 (trend line joining $1232 and $1204) and jump till $1197/$1206 is possible.
The minor intraday support is around $1178 and break below will drag the commodity further down till $1170/$1163.
It is good to buy at declines around $1178 with SL around $1170 for the TP of $1197/$1206
The minor intraday support is around $1178 and break below will drag the commodity further down till $1170/$1163.
It is good to buy at declines around $1178 with SL around $1170 for the TP of $1197/$1206