FxWirePro

Gold is trading above $1200,marching towards $1225

ロング
FX:XAUUSD   金/米ドル
2
Gold has broken major resistance $1200 and is trading above that level. Short term trend is bullish as long as $1190 holds.

On the downside minor support is around $1190 and any break below will drag the commodity further down till $1179/$1166.

Gold is facing intraday resistance around $1209 and break above would extend gains till $1225/$1236.

Indicators (1 Hour chart)

CCI (50) – Buy

CCI (14) – Buy

Ichimoku- Buy

Recommendation: Buy Gold around $1200, SL $1189, Targets $1224/$1235.
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