Gold forms bearish cypher pattern,good to buy at dips
Potential Reversal Zone (PRZ)- 1098.
Gold has recovered form the low of $1100 and is currently trading at $1120. Overall trend is slightly bullish as long as support $1098 holds.
Any break below $1098 will drag the pair further down till $1080/$1077
The commodity minor resistance is around $1127/$1132.
It is good to buy at dips around $1100 with SL around $1077 for the TP of $1155
Gold has recovered form the low of $1100 and is currently trading at $1120. Overall trend is slightly bullish as long as support $1098 holds.
Any break below $1098 will drag the pair further down till $1080/$1077
The commodity minor resistance is around $1127/$1132.
It is good to buy at dips around $1100 with SL around $1077 for the TP of $1155