Gold Daily Outlook

FX:XAUUSD   Gold Spot / U.S. Dollar
391 0 3
Gold             has closed above 20 day MA for two consecutive days and this confirms short term bullishness a jump till $1225 cannot be ruled out.

On the downside minor support is around $1167 and any break below will drag the commodity further down till $1160/$1152.

Gold             is facing intraday resistance around $1193 and break above would extend gains till $1210/$1225.
Indicators ( Daily chart )

CCI (50) – Sell

CCI (14) – Buy

Ichimoku- Buy

Recommendation: Buy Gold             around $1180, SL $1167, Targets $1209/$1223 .
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