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Long

Gold Daily Outlook

FX:XAUUSD   Gold Spot / U.S. Dollar
322 1 3
Intraday trend-Bullish

Gold             is trading in narrow range around 1183 to 1230 for the past four trading. It has formed temporary top around $1238 .Further bullishness can be seen only above $1238.
It is facing minor resistance around 1223 and any break of will target $1238 Dec 12th high) and $1255.
The gold             is facing major support at $1178 ( median line ). On the downside break below $1178 will target 1160/1142.

CCI (50) – Buy
CCI (14) – Buy
Ichimoku- Buy

Recommendation: Buy gold             around $1200, SL $1185, Target $1238/1255.




Adam and Eve confirmation line is 1207.67.
2nd test.

Glenn
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