Action: BUY @38249                         Profit Target: 38380                                      Stop Loss: 38149


Gold has formed a large green candle yesterday after some sideways trend for the last few sessions. On the daily chart, it has rallied with above-average volume which is a good sign for the coming session. On daily chart Gold has closed above 20 EMA 38205 & 50 EMA 38036, therefore these levels could act as support in the coming sessions.
Going forward gold has next resistance at 38448 levels, we can see some cool off in Gold today but Buy at dip would be preferable. Crude Oil Inventory weekly data came Positive that would make Gold bullish in short term
In the international market, gold prices were steady as investors awaited more clarity on the Brexit and the US-China trade war.

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