FxWirePro
Long

Gold Daily Outlook

FX:XAUUSD   Gold Spot / U.S. Dollar
336 0 1
Gold             made a high of $1303 and is slightly retreated from that level. Intraday trend is bullish as long support $1280 holds.

On the downside break below $1280 will take the pair to $1262//$1250.

The pair’s minor resistance around $1303 and any indicative break above will target $1317 ( 61.8% retracement of $1433 and $1130)/1340.

Indicator (1 hour Chart)
CCI (50) – Buy
CCI (14) – Buy
Ichimoku- Buy

Recommendation: Buy Gold             around $1290, SL 1279, Target $1317/1340.
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