• Major resistance - $1332 (21- day MA)
   
• The yellow metal has recovered till $1326.16 yesterday and declined from that level. It is currently trading around $1321. 
   
• The major support is around $1307 (90- day EMA) and any break below that level will drag the yellow metal down till $1297 (23.6% retracement of $1375 and $1047)/$1285 (50% retracement of $1199 and $1375. 
   
• Gold is facing major intraday resistance around $1330 (21- day MA) and any break above targets $1345 (61.8% retracement of $1352.61 and $1335)/$1352. 
   
• Short term weakness only below $1300. 
  
  It is good to buy above $1332 with SL  around $1323 for the TP of $1344/$1352