As predicted at 1080 few days back, Gold has rebounded from downward channel bottom (currently 1159.76). Next target could be 1200 levels before it decides on direction.
If Gold reverses on upside on Monday and crosses 1120.00, buy for target of 1180.00
Positive divergence in gold will push up to 1200 levels and possibly 1300 before resistance acts.
Positive divergence in daily line chart will cause temporary upward move till 1280 before expected descent.
