Gold Daily Outlook

FX:XAUUSD   Gold Spot / U.S. Dollar
314 0 1
Gold             is trading near major trend line support $1178 ( Trend line joining $1142 and $1175) and any break below will drag the pair till $1135 in short term.

Short term trend reversal only above $1215.Above $1215 it can reach till $1225.

Indicator (4 hour chart)

CCI (50) - Sell

Woodies CCI (14) – Sell

Ichimoku- Sell

It is good to sell on rallies around $1190 for the target $1135 with stop around $1215.
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