- Gold has broken major support $1115 and declined till $1101. It is currently trading at $1107. Overall trend is still bullish as long as support $1120 holds.
- On the downside major support is around $1100 and break below targets $1080/$1070.
- Overall trend reversal can happen only above $115 level.
- The pair’s minor resistance is around $1120 and break above targets $1128/$1136.
It is good to sell on rallies around $1110 with SL around $1120 for the TP of $1085/$1072.
The material has been provided by InstaForex Company – www.instaforex.com