• Major resistance- $1310 (61.8% retracement of $1352.57 and $1241.50)
   
• Major  Support  - $1278 (200- day MA)
   
• The yellow metal declined sharply yesterday after increasing prospects of Hillary winning U.S elections . Gold has made a low of $1278 and started slightly from that level.
   
• Gold  faces minor support at 10- day MA around $1284 and any break above targets $1292.85 (55- day EMA) /$1300. Any break above $1310 (61.8% fibo) confirms further bullishness. Any violation above $1310 will take the yellow metal to next level till $1314 (21- W MA)/$1322 in the short term.
   
• On the lower side, major support is at $1278 (200- day MA) and any break below targets $1266 (61.8% retracement of $1352.95 and $1241.50)/$1260.​
  
  It is good to sell on rallies around $1290-$1295 with SL around $1310 for the TP of $1278/$1266