GOLD Daily Chart

FX:XAUUSD   Gold Spot / U.S. Dollar
312 0 5
Gold             in 4 hours chart has formed hammer pattern and it indicates that it is slightly bullish for the intraday and jump till $1225 -$1236 cannot be ruled out.

On the downside minor support is around $1190 and nay break below will take the commodity further down till $1170/1151.

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

Recommendation: Buy Gold             around $1204, SL $1190, Targets $1224/$1236.
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