Gold consolidates around 1067, bias remains bullish- long around 1065 with targets 1075/1085, SL 1057

The yellow metal traded lower after breaking support level at 1070 in Asian session. However, after finding support at 1065 levels, the commodity has rebounded strongly and is approaching to test resistance level located at 1070.

• Any downside is expected to be limited around 1062 levels as the support level located at 1060 is likely to hold the bears from falling further below and bring a rebound back towards higher levels.
   
• To the upside, the strong resistance can be seen 1078, a break above this level would expose the commodity towards 1085 levels.
   
• To the downside immediate support can be seen at 1065, a break below at this level will open the door towards 1060 levels.

Recommendation: Go long around 1065, targets around 1075/1085, SL 1057

Support levels: S1-1065, S2-1060, S3-1057

Resistance levels: R1-1070, R2-1078, R3-1085