- Gold has broken short term resistance $1225 and this confirms it has formed temporary to paround $1170 and jump till $1308 cannot be ruled out.
- Short term weakness can be seen only below $1197. On the downside any break below $1197 will drag the pair further down till $1190/$1178.
- The minor resistance are $1245/$1291.
It is good to buy around $1225-$1228 with stop around $1197 for the target of $1291/$1307.
The material has been provided by InstaForex Company – www.instaforex.com