Gold has slightly recovered after making a low of $1216. Overall trend is bearish as long as resistance $1252 (200 day DMA) holds.
On the upside break above will extend gain to $1265/1280.
The minor support is around $1210 and break below will target $1199/$1170.
Indicators (Daily chart)
CCI (50) - Sell
CCI (14) - Sell
Ichimoku- Sell
Recommendation: Sell Gold around $1235, SL $1252, Targets $1210/$1200.
On the upside break above will extend gain to $1265/1280.
The minor support is around $1210 and break below will target $1199/$1170.
Indicators (Daily chart)
CCI (50) - Sell
CCI (14) - Sell
Ichimoku- Sell
Recommendation: Sell Gold around $1235, SL $1252, Targets $1210/$1200.