• Gold prices declined on Tuesday as dollar continued to strengthen across the board after Federal Reserve officials sounded a hawkish note on interest rates, boosting the dollar.
   
• Fed Chair Janet Yellen said on Friday the case for higher rates was strengthening, though she gave little clarity on the timing of a move. Later that day Vice Chair Stanley Fischer suggested a hike could come as soon as September.
   
• The commodity is poised to breach the support level located at 1304 and decline further towards lower levels as yellow metal weaker against the US dollar.
   
• To the upside, the strong resistance can be seen 1325, a break above this level would expose the commodity towards 1333 levels.
   
• To the downside, immediate support can be seen at 1313, a break below at this level will open the door towards 1304 levels.
  
  Support levels: S1-1316, S2-1325, S3-1333
  
  Resistance levels: R1-1313, R2-1304, R3-1291