- Gold is trading near major trend line support $1178 (Trend line joining $1142 and $1175) and any break below will drag the pair till $1135 in short term.
- Short term trend reversal only above $ $1215 it can reach till $1225.
Indicator (4 hour chart)
CCI (50) – Sell
Woodies CCI (14) – Sell
Ichimoku- Sell
It is good to sell on rallies around $1190 for the target $1135 with stop around $1215.
The material has been provided by InstaForex Company – www.instaforex.com