Gold has formed triple top around $1225 and any trend reversal only above that level. Any break of $1225 could open the way for another test of $1236 (R2 Feb 16th high).
On the downside $1200 (S1) is minor support and any break below will drag the commodity to $1190/$1170.
Indicators (1 hour chart)
CCI (50) – Sell
CCI (14) – Sell
Ichimoku- Sell
Recommendation: Sell Gold around $1216, SL 1230, Targets $1190/$1171.
On the downside $1200 (S1) is minor support and any break below will drag the commodity to $1190/$1170.
Indicators (1 hour chart)
CCI (50) – Sell
CCI (14) – Sell
Ichimoku- Sell
Recommendation: Sell Gold around $1216, SL 1230, Targets $1190/$1171.