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- Major support- $1190 (55 W EMA)
- The yellow metal has taken support at psychological support $1200 and jumped till $1214 at the time of writing.
- Gold’s major resistance around $1218.50 (100 day EMA) and any slight bullishness only above that level.
- Any indicative break above $1218 will take the commodity till $1225/$1235 level. Short term bullishness only above $1243 (55 day EMA).
- On the lower side major support is around $1190 and any break below targets $1175/$1160.
- StochRsi- Over sold
It is good to buy at dips around $1205 with SL around $1198 for the TP of $1218/$1225/$1235
