Gold : Trend line break out and bullish divergence

Major resistance- $1178 (trend line resistance)

Bullish divergence - CCI(50)

The yellow metal has shown a good jump of almost $25 from the low of $1160. Gold hits high of $1186.54 and is currently trading around $1185.

Intraday trend is bullish as long as support $1173 holds. The near term intraday resistance is around $1187 (34- 4H EMA) and any break above targets $1193 (55- 4H EMA)/$1200.

On the lower side, in the 4 hour chart next immediate support is around $1179 Kijun-Sen line and any violation below targets $1173/$1170.

It is good to buy on dips around $1178-$1180 with SL around $1173 for the TP of $1200.