FxWirePro: Gold faces resistance at 21 day MA, good to sell on rallies

• Major support - $1244 (55 day EMA)
   
• Major resistance- $1266 (21 day MA)
   
• Gold has take made a high of $1260 on Friday  and slightly retreated from that level.. It is currently trading around $1254.
   
• Minor bullishness can be seen above $1266 level. Any break above $1266 will take the pair to next level at $1275/$1283.
   
• On the lower side support is around $1242 and break below targets $1230/$1225.
   
• Overall weakness can be seen below $1200 level.

It is good to sell on rallies around $1255-$1258 with SL around $1266 for the TP of $1230/$1225