Gold has gained more than $12 for the day.It hits high of $1299.16 and is currently trading around $1296.21 at start of US session The ongoing trade war and declining yield supporting yellow metal at lower price.
Major support to be watched -$1290. Any break below targets $1286/$1283.it should break below $1275 for minor weakness.Major trend reversal only below $1266.Below that level targets $1250.
Resistance -$1303 (May month high). Any bullish continuation only above $1303. Any break above targets $1310/$1324.40.
