FxWirePro
Short

Gold Daily Outlook

FX:XAUUSD   Gold / U.S. Dollar
319 0 2
Gold             has slightly retreated after making high of $1284 (200 day HMA ). Intraday trend reversal only above $1285.

On the upside minor resistance is around $1285 and on break of will target $1300 and $1309 level.

The minor support is around $1270 and any break below will take the pair to $1252/$1239

Indicators (60 min chart)
CCI (50) - Buy
CCI (14) - Sell
Ichimoku- Neutral

Recommendation: Sell gold             around $1280, SL $1301, Targets $1253/$1240.
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