- Gold is facing strong trend line resistance around $1170 (Aug 24th high) and any break above will take the pair to next level $1187
- On the downside minor support is around $1149 and any break below targets $1141/$1135.
- Short term weakness only below $1128 level.
It is good to buy at dips $1150-53 with SL around $1140 for the TP of $1169/$1185.
The material has been provided by InstaForex Company – www.instaforex.com