Description
⋅ Gold declined till $1171 after breaking trend line support $1178 (Trend line joining $1142 and $1175) and is trading around $1190.
Short term trend reversal only above 1215.Above $1215 it can reach till 1225.The minor resistance is around $1195 (200 day 4HMA).
Indicator (4 hour chart)
CCI (50) - Sell
CCI (14) – Buy
Ichimoku- Sell
It is good to sell on rallies around $1195 for the target $1135 with stop around $1215.