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Gold has recovered till $1147 after making a low of $1117. It is currently trading at $1139. Overall trend is still bullish as long as support $1115 holds.
- On the downside major support is around $1115 and break below targets $1100/$1080.
- The pair's minor support is around $1128
- Overall trend reversal can happen only above $1170 level.
- The pair's minor resistance is around $1150 and break above targets $1162/$1170.
It is good to buy at dips around $1125-28 with SL around $1115 for the TP of $1145/$1150.
