Gold has made a low of $1053 lowest level since early 2010 and started to recover from that level. It is currently trading around $1070.
MACD is showing bullish divergence in Daily charts so a jump till $1081/$1087 is possible.
Short term bullish invalidation only above $1120.
On the lower side major support is around $1043 and break below targets $1000.
It is good to sell on rallies around $1085-90 with SL around $1120 for the TP of $1040/$1000.
MACD is showing bullish divergence in Daily charts so a jump till $1081/$1087 is possible.
Short term bullish invalidation only above $1120.
On the lower side major support is around $1043 and break below targets $1000.
It is good to sell on rallies around $1085-90 with SL around $1120 for the TP of $1040/$1000.