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Short

Gold -Watch out for $1040 for trend reversal

FX:XAUUSD   Gold/U.S. Dollar
322 0 7
Gold             breaks major demand zone level $1070 , this is short term trend reversal level and a decline till $1040 is possible .

Overall trend reversal can happen only below $1040 level. Any break below $1040 will target $800.

Short term resistance is around $1081 and break above targets $1088/1098.

Short term trend reversal only above $1100.

It is good to sell on rallies around $1070-73 with SL around $1081 for the TP of $1042
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