- Gold has made a high of $1169 and retreats from that level. Overall trend is still weak as long as resistance $1170 holds.
- On the downside minor support is around $1150 and break below $1142/$1131.
- Overall trend reversal can happen only below $1128 level.
- The pair’s minor resistance is around $1158 and break above targets $1165/$1168.
It is good to sell on rallies around $1156-58 with SL around $1170 for the TP of $1142/$1132
The material has been provided by InstaForex Company – www.instaforex.com