Gold forms bullish divergence on 6 hours chart, targets $1160
Gold is trading within narrow channel and any short term jump can be seen of it close above $1167. Any break above $1167 will target $1183/$1204.
In the 6 hours chart it has formed bullish divergence so slight jump till $1153/$1160 cannot be ruled out.
Major support is around $1130 (Jul 11th low) and break below will drag the commodity further down till $1100.
It is good to buy at dips around $1142 with SL around $1130 for the TP of $1154/$1160
In the 6 hours chart it has formed bullish divergence so slight jump till $1153/$1160 cannot be ruled out.
Major support is around $1130 (Jul 11th low) and break below will drag the commodity further down till $1100.
It is good to buy at dips around $1142 with SL around $1130 for the TP of $1154/$1160