- Gold breaks trend line resistance around $1152(trend line joining $1169 and $1156) and declined from level. This confirms short term weakness, a decline till $1128 is possible
- On the higher side major resistance is around $1154 and break above targets $ 1160/$1169.
- On the downside minor support is around $1140 and any break below targets $1134/$1128.
- Further weakness only below $1128 level.
It is good to sell on rallies $1145-47 with SL around $1154 for the TP of $1134/$1128
The material has been provided by InstaForex Company – www.instaforex.com