Gold has broken minor support $1220 and is trading near psychological support $1200. In 4 hours chart CCI (50) has formed bearish divergence so slight bounce back till $1240 cannot be ruled out.
On the downside minor support is around $1185 and weakness can be seen only below that level. Any break below $1185 will target $1170.
The minor resistance is around $1210 and nay indicative break above will extend gain till $1225/1240.
Recommendation: Buy Gold around $1200, SL 1184, Targets $1225/1240.
On the downside minor support is around $1185 and weakness can be seen only below that level. Any break below $1185 will target $1170.
The minor resistance is around $1210 and nay indicative break above will extend gain till $1225/1240.
Recommendation: Buy Gold around $1200, SL 1184, Targets $1225/1240.