Gold Daily Outlook

FX:XAUUSD   Gold Spot / U.S. Dollar
369 0 1
Gold             has slightly recovered after making a low of $1216. Overall trend is bearish as long as resistance $1252 (200 day DMA) holds.

On the upside break above will extend gain to $1265/1280.

The minor support is around $1210 and break below will target $1199/$1170.

Indicators ( Daily chart )
CCI (50) - Sell
CCI (14) - Sell
Ichimoku- Sell

Recommendation: Sell Gold             around $1235, SL $1252, Targets $1210/$1200.
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