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Short

Gold faces short term support at $1130,good to sell on rallies

FX:XAUUSD   Gold Spot / U.S. Dollar
426 0 7
Gold             has breaks short term support $1145 and declined till $1133 from that level. It is currently trading at $1136. Overall trend is still weak as long as resistance $1150 holds.

On the downside minor support is around $1130 and break below targets $1115/$1100.

Overall trend reversal can happen only above $1170 level.

The pair’s minor resistance is around $1141 and break above targets $1150.

It is good to sell on rallies around $1140-42 with SL around $1151 for the TP of $1130/$1115


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