Gold breaks minor trend line support around $1180, targets $1159

FX:XAUUSD   Gold Spot / U.S. Dollar
492 0 6
Gold             has made a high of $1190 and started to decline from that level. It is currently trading at $1176.

It has broken minor trend line support $1180 ( trend line joining $1151 and $1163) and break below targets $1163/$1159.

Short term bullish invalidation only below $1158.

On the higher side major resistance is around $1190 and break above targets $1200.

It is good to sell on rallies around $1177-80 with SL around $1190 for the TP of $1163/$1159
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