Gold has gained more than $10 for the day.It hits high of $1318.20 and is currently trading around $1316.57 at start of US session The ongoing trade war and declining yield is pushing yellow metal higher.
Major support to be watched -$1309. Any break below targets $1304/41300.It should break below $1300 for minor weakness.Major trend reversal only below $1266.Below that level targets $1250.
Resistance -The yellow metal is trading slightly above $1316 (61.8% fib) and this confirms minor bullishness and a jump till $1324/$1330 I possible . Any bullish continuation only above $1346.
