Gold Daily Outlook

FX:XAUUSD   Gold Spot / U.S. Dollar
411 0
Gold in 4 hour chart has formed bullish divergence and short term jump till 1185 cannot be ruled out.

On the downside minor support is around $1142 and any break below will target $1131/$1121.

The commodity is facing intraday resistance around $1172 and any break above could pave way for 1185/1197.

Indicators (4 hour chart)
CCI (50) – Sell
CCI (14) – Buy

Recommendation: Buy Gold around $1155, SL $1142, Targets $1170/$1185.

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