- Gold recovered till $1190 after making a low of $1178. Overall trend is still weak as long as $1195 holds.
- On the upside minor resistance is around $1195 and break above would extend gains $1205/$1219 in short term.
- The break below $1176 will drag the commodity further down till $1160/$1145.
Indicators (Daily chart)
CCI (50) – Sell
CCI (14) – Buy
CCI (14)-Neutral
Recommendation: Sell Gold around $1185 SL $1205, Target $1148.
Published: 2015-04-01 11:35:00 UTC+00
Gold Daily Outlook
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