• The yellow metal retreated on Tuesday, as the green back bounced back on rate hike comments from Federal Reserve’s Lock hurt. However, the bright metal remained near 15-month high.
   
• The commodity is set to advance further towards higher side in the coming sessions as the demand for yellow metal is set to continue.
   
• Further downside is expected to be limited, as the support level located at 1271 is likely to hold the bears from falling further below and bring a rebound back towards higher levels.
   
• To the upside, strong resistance can be seen 1303, a break above this level would expose the commodity towards 1312 levels.
   
• To the downside immediate support can be seen at 1281, a break below at this level will open the door towards 1271 levels.
  
  Support levels: S1-1281, S2-1271, S3-1259
  
  Resistance levels: R1-1291, R2-1303, R3-1312