Gold Technical Analysis
Gold prices showed great ups and down yesterday, showed great bullish sentiments and then closed near the open price. Yesterday high 1253 and closed near 1228. Today the bullish continuation is expected and more highs are expected. We prefer to go long.
Take a look on the mentioned below technical indicators summary.
Ichimoku Cloud is indicating bullish trend in h4 and d1 graph. Tenken sen is above than the price but Kijun sen is acting as a good support for the yellow metal. But in h1 graph the current candle is trading below the down kumo.
Sell at : 1234 TP 1220-1218
SL : 1246.50
BUY Stop : 1246.50 TP 1258-1260
SL : 1234