FxWirePro: Gold faces strong support at $1359, good to buy at dips

• Major intraday support -$1359
   
• The yellow metal has declined till $1359 yesterday and slightly recovered from that level. It is currently trading around $1367.19.
   
• The Intraday trend is slightly bullish as long as support $1359 holds.
   
• Any break below $1359 will drag the commodity till $1351 (61.8% retracement of $1338 and $1375).
   
• On the higher side, resistance is around $1375 and any break above  targets $1385/$1400.

Indicators

ADX- trending up

CCI(50)- Buy

It is good to buy at dips around $1365-67 with SL around $1359 for the TP of $1374/$1385