Gold has lost nearly $10 from today’s high $1329.77.It hits intraday low of $1319.7 and is currently trading around $1323.70. The strong global stock market and easing trade war is putting pressure on yellow metal.
Major support to be watched -$1318. Any break below targets $1309/$1300.It should break below $1300 for minor weakness.Major trend reversal only below $1266.Below that level targets $1250.
Resistance -The yellow metal is facing strong intraday resistance around $1332 and any break above targets $1338/$1348 . Any bullish continuation only above $130.
