GOLD Daily Outlook

FX:XAUUSD   Gold Spot / U.S. Dollar
325 0 1
Gold             has retreated after making high of $1223 and it is up trend has been capped by 200 day HMA ($1224). Any intraday trend reversal can be seen only above that level.

On the downside minor support is around $1195 and break below will target $1170/1150.

The minor resistance is around $1210 and break will target $1218/1225. Break of $1225 will target $1240/1252

It is good to buy at dips around 1210 for the target of $1225/$1240.

Recommendation: Buy Gold             around $1208, SL $1200, Targets $1224/$1240.
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