FxWirePro
Long

Gold breaks major resistance $1225, jump till $1307 is possible

FX:XAUUSD   Gold Spot / U.S. Dollar
319 0 4
Gold             has broken short term resistance $1225 and this confirms it has formed temporary to paround $1170 and jump till $1308 cannot be ruled out.

Short term weakness can be seen only below $1197. On the downside any break below $1197 will drag the pair further down till $1190/$1178.

The minor resistance are $1245/$1291.

It is good to buy around $1225-$1228 with stop around $1197 for the target of $1291/$1307.
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