Gold gained sharply after taking support near 365- D EMA.. After hitting a low around $3956 and it’s currently hovering near $4065.
|
Technicals 15-min |
CMP -$4067 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
$4034.76 |
CMP > 55 EMA |
Bullish |
|
200- EMA |
$4035 |
CMP > 200- EMA |
Bullish |
|
365- EMA |
$4066 |
CMP > 365 EMA |
Bullish |
Major support-$4035. Major bearishness below $4035. Any violation below targets $4000/$3980/$3950/$3880. Near-term resistance - $4080/$4136/$4200/$4245/$4300/$4400.
|
Momentum indicator (4-hour chart) |
Inference |
Value |
|
CCI(50) |
Bullish |
111.27 |
|
ADX |
Bullish |
Strength increased from 27.45 to 30 |
It is good to buy on dips around $4066 with SL around $4035 for a TP of $4136/$4150.


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