Gold has slightly retreated after making high of $1284 (200 day HMA). Intraday trend reversal only above $1285.
On the upside minor resistance is around $1285 and on break of will target $1300 and $1309 level.
The minor support is around $1270 and any break below will take the pair to $1252/$1239
Indicators (60 min chart)
CCI (50) - Buy
CCI (14) - Sell
Ichimoku- Neutral
Recommendation: Sell gold around $1280, SL $1301, Targets $1253/$1240.
On the upside minor resistance is around $1285 and on break of will target $1300 and $1309 level.
The minor support is around $1270 and any break below will take the pair to $1252/$1239
Indicators (60 min chart)
CCI (50) - Buy
CCI (14) - Sell
Ichimoku- Neutral
Recommendation: Sell gold around $1280, SL $1301, Targets $1253/$1240.