Major support - $1218 (55-day EMA)
Gold trades lower and lost more than $10 yesterday on account of strong US dollar. The yellow metal hits low of $1211.98 and is currently trading around $1213.43.
It has broken major support $1218 and has closed below that level on daily basis. This confirms minor weakness and a dip till $1200 is possible. The near term major support is around $1209 (100- day MA) and any break below targets $1205 (trend line support)/$1200/$1190.
The near term major resistance is around $1223 and any violation above targets $1230/$1240. It should break above $1243 for bullish continuation.
It is good to sell on rallies around $1215-$1216 with SL around $1220 for the TP of $1200.


FxWirePro: GBP/USD steadies ahead key data, BoE event risk
CAD/JPY Dips on Soft Canadian CPI: Buy the Dip to 115?
FxWirePro- Major Crypto levels and bias summary
Euro Refuses to Die: EUR/JPY Holds 182.50, Eyes 184 Breakout
FxWirePro: EUR/NZD advances as kiwi weakness after RBNZ's Breman comments
FxWirePro: USD/CNY outlook weaker on renewed downside pressure
ETHUSD Dips Below $3000 on BOJ Rate Hike Fears: Buy the Dip at $2700, Targeting $4000?
Yen Strikes Back: AUD/JPY Retreats as BOJ Policy Looms – Sell on Rallies to 100
FxWirePro: GBP/AUD gives up early gains after UK GDP shock
FxWirePro- Major Crypto levels and bias summary
FxWirePro: NZD/USD weakens as RBNZ quashes rate hike talk
FxWirePro: GBP/NZD firms as RBNZ pushes back on rate hike prospects
FxWirePro: AUD/USD dips on soft China data
FxWirePro- Major Pair levels and bias summary
NZD/JPY: Bearish Momentum Builds — Sell the Rallies Below 90.90 for a Slide Toward 88.00
EUR/JPY Retreats: Yen Strength Caps Rally, Bearish Bias Intact Below 183.15 



