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Short

Gold Vs US Dollar index

FX:XAUUSD   Gold Spot / U.S. Dollar
660 0 9
Gold             has made a low of $1053 lowest level since early 2010 and started to recover from that level. It is currently trading around $1070.

MACD is showing bullish divergence in Daily charts so a jump till $1081/$1087 is possible.

Short term bullish invalidation only above $1120.

On the lower side major support is around $1043 and break below targets $1000.

It is good to sell on rallies around $1085-90 with SL around $1120 for the TP of $1040/$1000.
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