Gold gained slightly after a minor profit booking. After hitting an high of $4202 yesterday and it’s currently hovering near $4170.
|
Technicals |
CMP -$4170 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
$4140 |
CMP >55 EMA |
Bullish |
|
200- EMA |
$4112 |
CMP >200- EMA |
Bullish |
|
365- EMA |
$4145 |
CMP >365 EMA |
Bullish |
Near -term support -$4100. Major bearishness below $3940. Any violation below $4100 targets $4060/$4035/$4000/$3980/$3940. Near-term resistance - $4205/$4245/$4269/$4300/$4400.
|
Momentum indicator (4-hour chart) |
Inference |
Value |
|
CCI(50) |
Bullish |
44.31 |
|
ADX |
Neutral |
|
It is good to buy on dips around $4158-60 with SL around $4100 for a TP of $4300/$4400.
