FX:XAUUSD   Gold Spot / U.S. Dollar
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Intraday trend-Neutral
Gold is trading in narrow range around 1183 to 1230 for the past four trading. It has formed temporary top around $1238 .Further bullishness can be seen only above $1238.
It is facing minor resistance around 1205 and any break of will target $1223/$1238 Dec 12th high).
The gold is facing major support at $1178 ( median line ). On the downside break below $1178 will target 1160/1142.

Indicators (4 Hour chart)
CCI (50) – Sell
CCI (14) – Sell
Ichimoku- Sell
It is good to stay away from the market till trend gets confirmed.
Recommendation: We prefer to remain neutral waiting for new confirmation signals.
Thanks ...I read your post every day... very simple and informative...
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