Gold is slightly retreated after making high of $1222.85 and intraday trend is bullish as long as minor support $1198 holds.
On the upside minor resistance is around $1223 and any indicative break above will target $1238/1255 (Nov 21st high).
The pair’s intra day support is at $1205 and below that level will target $1198 /1185.
Indicators (4 hours Chart)
CCI (50) - Buy
CCI (14) - Buy
Ichimoku- Neutral
Recommendation: Buy Gold around $1206, SL 1197, Target 1223/1238.
On the upside minor resistance is around $1223 and any indicative break above will target $1238/1255 (Nov 21st high).
The pair’s intra day support is at $1205 and below that level will target $1198 /1185.
Indicators (4 hours Chart)
CCI (50) - Buy
CCI (14) - Buy
Ichimoku- Neutral
Recommendation: Buy Gold around $1206, SL 1197, Target 1223/1238.