FxWirePro
Long

Gold Daily outlook

FX:XAUUSD   Gold Spot / U.S. Dollar
486 4 4
Gold             has closed well above 20 day MA for the past two trading days and this confirms short term bullishness, a jump till $1225 is possible.

On the downside minor support is around $1200 and any break below will drag the pair further down till $1190/$1178.

Indicator ( Daily chart )

CCI (50) -Buy

Woodies CCI (14) – Buy

Ichimoku- Buy

It is good to buy at dips around $1200 with stop around $1189 for the targets of $1212/$1224

DXY get stronger hence Short Gold ;)
Reply
FxWirePro CapnOscar
DXY is looking weak
Reply
CapnOscar FxWirePro
well but watch 95.20 above today
Reply
CapnOscar CapnOscar
I check Bollingers first
Reply
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