Gold faces strong resistance around $1180,good to sell on rallie

FX:XAUUSD   Gold Spot / U.S. Dollar
568 2 10
Gold             has made a high of $1179 and retreated from that level. Overall trend is still weak as long as resistance $1180 holds.

Any break above $1180 will take the commodity to next level $1190/$1195.

On the downside major trend line support is around $1156 and break below targets $1141/$1135 in short term.

Overall bearish invalidation only above $1190.

It is good to sell on rallies around $1167-70 with SL around $1180 for the TP of $1141/%1136

and how is about fed rate?
good analysis... thanks for sharing
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