Gold trades well below $4300 on broad-based US dollar buying. It hit an intraday low of $4244; it is currently at $4263.
|
Technicals |
CMP: $ 4262 |
Trend |
|
|
4-hour chart |
Value |
|
|
|
55 EMA |
$4336 |
CMP <55 EMA |
Bearish |
|
200- EMA |
$4355 |
CMP <200- EMA |
Bearish |
|
365- EMA |
$4344 |
CMP <365 EMA |
Bearish |
Near -term support: $ 4235. Any violation below $4235 targets $4215/$4200/$4156/$4080/$4000. Near-term resistance - $4300/$4370/$4400/$4435/$4500/$4600/$4700.
|
Momentum indicator (4-hour chart) |
Inference |
Value |
|
CCI(50) |
Bearish |
-137 |
|
ADX |
Bearish |
Strength increased form 15.42 to 21 |
It is good to sell on rallies around $4300, with an SL around $4370 and a TP at $4000.


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