FxWirePro: Gold Struggles to Break Below $1260, Good to Buy at Dips

FxWirePro: Gold Struggles to Break Below $1260, Good to Buy at Dips

• Major support - $1261 (21 day MA) 
• The yellow metal has once again taken support near $1260 and recovered from that level. It is currently trading around $1277. 
• Short term trend is slightly bullish as long as support $1260 holds. 
• Any breach below $1260 will drag the commodity down till $1242/$1228 in short term. 
• On the higher side resistance is around $1279.20 (Tenken-Sen) and break above targets $1285/$1300/$1304. 
• Gold should break above temporary top $1303 for further bullishness.
  

It is good to buy at dips around $1270 with SL around $1260 for the TP of $1285/$1300

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