Gold in 4 hours chart has formed hammer pattern and it indicates that it is slightly bullish for the intraday and jump till $1225 -$1236 cannot be ruled out.
On the downside minor support is around $1190 and nay break below will take the commodity further down till $1170/1151.
Indicators (4 hour chart)
CCI (50) – Buy
CCI (14) – Sell
Ichimoku- Neutral
Recommendation: Buy Gold around $1204, SL $1190, Targets $1224/$1236.
On the downside minor support is around $1190 and nay break below will take the commodity further down till $1170/1151.
Indicators (4 hour chart)
CCI (50) – Buy
CCI (14) – Sell
Ichimoku- Neutral
Recommendation: Buy Gold around $1204, SL $1190, Targets $1224/$1236.