FxWirePro
Long

Gold forms bearish cypher pattern,good to buy at dips

FX:XAUUSD   Gold/U.S. Dollar
301 0 6
Potential Reversal Zone (PRZ)- 1098.

Gold             has recovered form the low of $1100 and is currently trading at $1120. Overall trend is slightly bullish as long as support $1098 holds.

Any break below $1098 will drag the pair further down till $1080/$1077

The commodity minor resistance is around $1127/$1132.

It is good to buy at dips around $1100 with SL around $1077 for the TP of $1155
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