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Long

Gold forms bullish gartley pattern, good to buy on dips

FX:XAUUSD   Gold Spot / U.S. Dollar
784 0 17
Harmonic Pattern formed- Bullish Gartley pattern

Potential Reversal Zone (PRZ) -$1323

Gold             has once again retreated after making a high of $1357.15. it is currently trading at $1343.81.

The yellow metal has formed temporary top around $1367 and any further bullishness can be seen only above that level.

On the higher side any break above $1367 will take the commodity to next level till $1375/$1392 in the short term. The minor resistance is around $1353/$1358.

The major support is around $1338 and any break below targets $1332/$1330/$1323 in the short term.

It is good to buy on dips around $1335-$1338 with SL around $1323 for the TP of $1357/$1366
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