Though geo political conflict got worse, gold rose above $4100. The price had reached an intra-day high of $4135.89 and is now trading about $4123.73.
|
Technicals |
CMP -$4123.73 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
$4100 |
CMP >55 EMA |
Bullish |
|
200- EMA |
$4105 |
CMP >200- EMA |
Bullish |
|
365- EMA |
$4134 |
CMP <365 EMA |
Bearish |
Near -term support -$4080. Major bearishness below $3940. Any violation below targets $4035/$4000/$3980/$3940. Near-term resistance - $4135/$5157/$4180/$4205/$4247.
|
Momentum indicator (4-hour chart) |
Inference |
Value |
|
CCI(50) |
Bullish |
48 |
|
ADX |
Neutral |
|
It is good to buy on dips around $4120 with SL around $4080 for a TP of $4205/$4247
