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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
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FxWirePro: Gold forms bearish cypher pattern, good to buy at dips
Thursday, September 17, 2015 6:30 AM UTC
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