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 1205 and any break of will target $1223/$1238 Dec 12th high). The gold is facing major support at $1178 (median line). On the downside break below $1178 will target 1160/1142.
CCI (50) – Sell CCI (14) – Buy Ichimoku- Sell
It is good to buy at lower levels . Recommendation: Buy gold around $1190, SL $1178, Target $1223/1238.
Comments
Don_Corleone
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Your analysis is completly different from AstroFx one=)How interesting to see 1 anylysis to suggest you should BUY and another-SELL.I am gonna stick with SELL,cuz my targets are 1134 and lower.
Good luck:)
FxWirePro
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Ok sell at higher levels around 1220 level. Becoz it is struggling to break 1180 for the past three times
Good luck:)