FxWirePro
Long

Gold Daily Outlook

FX:XAUUSD   Gold Spot / U.S. Dollar
323 0 2
Gold             has broken short term resistance $1263 ( 61.8% retracement of $1345 and $1130) and is trading around $1286 level. Overall trend is bullish and trend reversal can happen only below $1250(200 day MA)
On the downside break below $1250 will take the pair to $1237/$1224.
The pair’s minor resistance around $1293 and any indicative break above will target $1317 ( 61.8% retracement of $1433 and $1130)/1340.

Indicator ( Daily Chart )
CCI (50) – Buy
CCI (14) – Buy
Ichimoku- Buy

Recommendation: Buy Gold             around $1275, SL 1250, Target $1317/1340.
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