FxWirePro
Long

Gold faces esistance around $1223,break above targets $1260

FX:XAUUSD   Gold Spot / U.S. Dollar
300 1 5
Major resistance - $1223 ( trend line joining $1239 and $1232.90)

Major support - $1207 (55 day 4H EMA )

Gold             has recovered after making a low of $1201.80. It is currently trading around $1220.65.

On the higher side it is facing resistance around $1223 and break above targets $1239/$1259.

Major support is around $1207 and break below will drag the commodity down till $1200/$1178.

Short term bullish invalidation below $1180

It is good to buy above $1223 with SL around $1207 for the TP of $1239/$1260
Well done again, Thanks again
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