Harmonic Pattern formed- Bullish Gartley pattern
Potential Reversal Zone (PRZ) -$1323
Gold has once again retreated after making a high of $1357.15. it is currently trading at $1343.81.
The yellow metal has formed temporary top around $1367 and any further bullishness can be seen only above that level.
On the higher side any break above $1367 will take the commodity to next level till $1375/$1392 in the short term. The minor resistance is around $1353/$1358.
The major support is around $1338 and any break below targets $1332/$1330/$1323 in the short term.
It is good to buy on dips around $1335-$1338 with SL around $1323 for the TP of $1357/$1366
Potential Reversal Zone (PRZ) -$1323
Gold has once again retreated after making a high of $1357.15. it is currently trading at $1343.81.
The yellow metal has formed temporary top around $1367 and any further bullishness can be seen only above that level.
On the higher side any break above $1367 will take the commodity to next level till $1375/$1392 in the short term. The minor resistance is around $1353/$1358.
The major support is around $1338 and any break below targets $1332/$1330/$1323 in the short term.
It is good to buy on dips around $1335-$1338 with SL around $1323 for the TP of $1357/$1366