Gold Daily outlook

FX:XAUUSD   Gold Spot / U.S. Dollar
248 1 2
Gold             has closed well above 20 day MA 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 for the target of $1224 with stop around $1190.
thank you good advise...
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