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2015.04.3006:53:00UTC+00Gold Daily Outlook

Gold has closed well above 20 day MA for the past two trading days and this confirms short term bullishness, a jump till $1225 is possible.
On the downside minor support is around $1200 and any break below will drag the pair further down till $1190/$1178.

Indicator (Daily chart)

CCI (50) -Buy

Woodies CCI (14) - Buy

Ichimoku- Buy

It is good to buy at dips around $1200 with stop around $1189 for the targets of $1212/$1224.

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