• Major Support - $1305 (100- day EMA)
   
• Major resistance -$1325 (21- day MA)
   
• The yellow metal has taken support near 100- day MA and slightly recovered from that level. It is currently trading around $1315.40. 
   
• Gold is trading well below 10- day ($1327) and 5- day MA ($1318). It should close above 10- day MA for further bullishness.
   
• The major support is around $1305 (100- day MA) 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 resistance around $1325 (21- day MA) and any break above targets $1345 (61.8% retracement of $1352.61 and $1335)/$1352. The minor resistance is around $1319 (7- day EMA).
   
• Short term weakness only below $1300. 
  
  It is good to sell on rallies around $1320 with SL  around $1328 for the TP of $1308/$1301