Gold gained well above $4100 after dismal US jobs data. After hitting an intraday high of $4138.74 and it’s currently hovering near $4137.40.
|
Technicals 60-MIN |
CMP -$4126 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
$4039 |
CMP >55 EMA |
Bullish |
|
200- EMA |
$4074 |
CMP >200- EMA |
Bullish |
|
365- EMA |
$4142 |
CMP < 365 EMA |
Bearish |
Near -term support -$4080. Major bearishness below $3940. Any violation below $4080 targets $4060/$4035/$4000/$3980/$3940. Near-term resistance - $4136/$4200/$4245/$4300/$4400.
|
Momentum indicator (4-hour chart) |
Inference |
Value |
|
CCI(50) |
Bullish |
79.88 |
|
ADX |
Neutral |
|
It is good to buy on dips around $4100 with SL around $4060 for a TP of $4150/$4200/$4245.
