Gold is facing strong trend line resistance around $1152 ( trend line joining $1169 and $1156) and any break above will take the pair to next level $1160/$1169.
On the downside minor support is around $1143 and any break below targets $1134/$1128.
Short term weakness only below $1128 level.
It is good to buy only above $1152 with SL around $1143 for the TP of $1160/$1169
Comments
BCMel
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Hi: Does the price action change your view much? The downtrend line is holding out.