Gold recovered sharply above $4450 on board-based US dollar and easing Geo political tension. Having reached an intraday high of $4491, it is now at $4488.
|
Technicals |
CMP -$4486 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
$4339 |
CMP >55 EMA |
Bullish |
|
200- EMA |
$4228 |
CMP >200- EMA |
Bullish |
|
365- EMA |
$4263 |
CMP >365 EMA |
Bullish |
Near -term support -$4000. Major bearishness below $4300. Any violation below $4300 targets $4235/$4215/$4200/$4156/$4080/$4000. Near-term resistance - $4500/$4595/$4700.
|
Momentum indicator (4-hour chart) |
Inference |
Value |
|
CCI(50) |
Bullish |
136.31 |
|
ADX |
Neutral |
|
It is good to buy on dips around $4358-60 with SL around $4300 for a TP of $4700.
