Gold has retreated after making high of $1223 and it is up trend has been capped by 200 day HMA ($1224). Any intraday trend reversal can be seen only above that level.
On the downside minor support is around $1195 and break below will target $1170/1150.
The minor resistance is around $1210 and break will target $1218/1225. Break of $1225 will target $1240/1252
It is good to buy at dips around 1210 for the target of $1225/$1240.
Recommendation: Buy Gold around $1208, SL $1200, Targets $1224/$1240.
On the downside minor support is around $1195 and break below will target $1170/1150.
The minor resistance is around $1210 and break will target $1218/1225. Break of $1225 will target $1240/1252
It is good to buy at dips around 1210 for the target of $1225/$1240.
Recommendation: Buy Gold around $1208, SL $1200, Targets $1224/$1240.