Gold gained sharply after a surge in crude oil price. Having reached an intraday high of $4428, it is now at $4428.
|
Technicals |
CMP -$4421 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
$4481 |
CMP >55 EMA |
Bullish |
|
200- EMA |
$4301 |
CMP >200- EMA |
Bullish |
|
365- EMA |
$4349 |
CMP >365 EMA |
Bullish |
Near -term support -$4600/$4500/$4480$4405/$4300. Major bearishness below $4300. Any violation below $4300 targets $4235/$4215/$4200/$4156/$4080/$4000. Near-term resistance - $4700/$4773/$4800/$4900/$5000.
|
Momentum indicator (4-hour chart) |
Inference |
Value |
|
CCI(50) |
Neutral |
|
|
ADX |
Neutral |
|
It is good to buy on dips around $4400 with SL around $4340 for a TP of $4700.
