FxWirePro
Long

Gold Daily outlook

FX:XAUUSD   Gold Spot / U.S. Dollar
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Gold is slightly retreated after making high of $1222.85 and intraday trend is bullish as long as minor support $1195 holds.
On the upside minor resistance is around $1223 and any indicative break above will target $1238/1255 (Nov 21st high).
The pair’s intraday support is at $1205 and below that level will target $1195 /1180

Indicators (4 hours Chart)
CCI (50) - Buy
CCI (14) - Sell
Ichimoku- Neutral

Recommendation: Buy Gold around $1202-06, SL 1195, Target 1223/1238.
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