Gold faces strong support around $1070, good to buy at dips
Major demand Zone - $1080-85.
Gold has recovered till $1095 after making a low of $1085. It is currently trading at $1092.
Short term bounce back till $1120 is expected as long as support $1078 holds.
On the lower side minor support are around $1078 and any break below targets $1070/$1060.
Further weakness only below $1070.
The minor resistance is at $1098 and any indicative break above would extend gains till $1110/$1124.
It is good to buy at dips around $1085 with SL around $1070 for the TP of $1110/$1124.
Gold has recovered till $1095 after making a low of $1085. It is currently trading at $1092.
Short term bounce back till $1120 is expected as long as support $1078 holds.
On the lower side minor support are around $1078 and any break below targets $1070/$1060.
Further weakness only below $1070.
The minor resistance is at $1098 and any indicative break above would extend gains till $1110/$1124.
It is good to buy at dips around $1085 with SL around $1070 for the TP of $1110/$1124.