• Major support - $1207 (100- W MA)
   
• Gold has continued its weakness for the second week after Donald Trump elected as U.S president. It is currently trading around $1214.
   
• The yellow metal breaks the low made on previous week $1218 and declined till $1212.46 at the time of writing.
   
• The major support is around $1207 (100- W MA) and $1200.
  Any close below that level confirms further weakness. The indicative break below $1200 will drag the yellow metal targets $1172 (61.8% retracement of $1046.50 and $1375).
   
• The major resistance is around $1245 (50- W MA) and any break above targets $1264 (5- W MA)/$1270 (200- W MA).​
  
  It is good to buy on dips around $1215 with SL around $1200 for the TP of $1244/$1260.