- Major resistance – $1332 (21-day MA).
- Major support - $1321 (55- day EMA).
- The yellow metal has broken major resistance at $1332 (21- day MA) and jumped till $1352.61 at the time of writing. It is currently trading around $1351.63.
- Gold is facing major resistance around $1358 (Aug 16th 2016 high) and any break above targets $1367/$1375.
- On the lower side, support stands at $1335 (daily Kijun-Sen) and any violation below targets $1327/$13.
- Short term weakness only below $1300.
It is good to buy on dips around $1345-$1348 with SL around $1338 for the TP of $1$1357.85/$1367
