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FxWirePro- Woodies Pivot (Major) 
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Gold pared most of its gains on board=based US dollar buying. It hit an intraday low of $4294; it is currently at $4302.
|
Technicals |
CMP -$4302 |
Trend |
|
|
4-hour chart |
Value |
|
|
|
55 EMA |
$4350 |
CMP <55 EMA |
Bearish |
|
200- EMA |
$4359 |
CMP <200- EMA |
Bearish |
|
365- EMA |
$4367 |
CMP <365 EMA |
Bearish |
Near -term support -$4290. Any violation below $4290 targets $4235/$4215/$4200/$4156/$4080/$4000. Near-term resistance - $4370/$4400/$4435/$4500/$4600/$4700.
|
Momentum indicator (4-hour chart) |
Inference |
Value |
|
CCI(50) |
Bearish |
-33.50 |
|
ADX |
Neutral |
|
It is good to sell on rallies around $4318-20 with SL around $4370 for a TP of $4215/$4000.
