Gold Daily Outlook

FX:XAUUSD   Gold Spot / U.S. Dollar
362 1
•Gold has broken major support $1252 and declined till $1228. Overall trend is bearish s long as resistance $1265 holds.

•On the downside minor support is around $1219 and break below will target $1199.

•The short term resistance is around $1252 (support turned resistance) and break above will take the commodity to $1265/1285.

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

Recommendation: Sell Gold around $1250-55, SL $1265, Target $1225/1209.
You did grat job SIr. Respect!
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