• Major resistance- $1326.50 (21- day MA)
   
• Major support  -$1315 (trend line joining $1047 and $1199)
   
• The yellow metal fell to a fresh one-week low yesterday in the wake of more US economic data for clues of Dec rate hike. Gold has jumped slightly till $1327 yesterday and started to decline once again.
   
• In the daily chart, Gold is facing strong resistance at $1342 (Ichimoku cloud). Any break above will take the yellow metal to next immediate resistance at $1349/$1352/$1357 in the short term. The minor resistance is around $1326/$1332.
   
• The major support is around $1315 (trend line joining $1047 and $1199) and any break below targets $1310/$1308 (100- day MA). 
   
• Short term weakness only below $1300. 
  
  It is good to sell on rallies around  $1325 with SL  around $1332 for the TP of $1315/1311