Gold Daily outlook

Gold is trading near major support $1176 (20 day MA) and any break below will confirm short term weakness a decline till $1142 cannot be ruled out.

On the upside minor resistance is around $1185 and break above would extend gains $1195/$1205 in short term.

The break below $1176 will drag the commodity further down till $1160/$1145.

Indicators (TF Daily)
CCI (50) - Sell
CCI (14) - Buy
CCI (14)-Sell

Recommendation: Sell Gold around $1185 SL $1205, Target $1148. 

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