Gold forms Bullish BAT pattern, good to buy at dips
Harmonic Pattern- Bullish BAT pattern
Potential Reversal Zone (PRZ) - $1115
The commodity has broken major support around $1142 and declined till $1132.50. Gold short term support is around $1130 (50% retracement of $1071 and $1190.25) and break below targets $1115/$1105.
On the higher side major resistance is around $1150 and break above targets $1158/$1162.
It is good to buy at dips around $1125-$1128 with SL around $1114 for the TP of $1150/$1161
Potential Reversal Zone (PRZ) - $1115
The commodity has broken major support around $1142 and declined till $1132.50. Gold short term support is around $1130 (50% retracement of $1071 and $1190.25) and break below targets $1115/$1105.
On the higher side major resistance is around $1150 and break above targets $1158/$1162.
It is good to buy at dips around $1125-$1128 with SL around $1114 for the TP of $1150/$1161