Gold pared most of its gains on easing geopolitical tension. Having reached an intraday low of $4019, it is now at $4036.
|
Technicals |
CMP -$4037 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
$4059 |
CMP <55 EMA |
Bearish |
|
200- EMA |
$4122 |
CMP <200- EMA |
Bearish |
|
365- EMA |
$4234 |
CMP <365 EMA |
Bearish |
Near -term support -$4000. Major bearishness below $3940. Any violation below $4000 targets $3980/$3940. Near-term resistance - $4085/$4116/$4145/$4205/$4245.
|
Momentum indicator (4-hour chart) |
Inference |
Value |
|
CCI(50) |
Bearish |
-69.49 |
|
ADX |
Neutral |
|
It is good to sell on rallies around $4058-60 with SL around $4120 for a TP of $3940/$3900/$3800.
