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Gold has breaks short term support $1130 and declined till $1117 from that level. It is currently trading at $1126. Overall trend is still weak as long as resistance $1146 holds.
- On the downside minor support is around $1115 and break below targets $1100/$1080.
- Overall trend reversal can happen only above $1170 level.
- The pair's minor resistance is around $1128 and break above targets $1138/$1146
It is good to sell on rallies around $1132-35 with SL around $1146 for the TP of $1116/$1100.
