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- Harmonic Pattern formed - Bullish Bat Pattern
- Potential reversal Zone (PRZ) - $1230
- Gold has made a high of $1277 and started to retreat from that level. It is currently trading at $1252.
- On the higher side major resistance is around $1280 and break above confirms minor trend reversal , a jump till $1300/$1325.
- On the lower side minor support is around $1247 and break below targets $1240/$1230 in short term.
It is good to buy at dips around $1230 with SL around $1220 for the TP of $1275/$1283
