FxWirePro
Long

Gold forms bullish cipher pattern, good to buy at dips

FX:XAUUSD   Gold/U.S. Dollar
831 0 13
Harmonic Trading pattern: Bullish Cypher

Potential Reversal Zone (PRZ) - $1108

Gold             has decline till $1124 after making a high of $1156. It is currently trading @ $1126.

On the downside major support is around $1108 and any break below will drag the pair further down till $1100/$1080.

The pair’s minor resistance is around $1135 and break above will target $1150/$1160.

Overall trend reversal only above $1160.

It is good to buy at dips around $1110-15 with SL around $1098 for the TP of $1145/$1156
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