Description
⋅ 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.