Gold faces strong resistance at $1300, break above targets $1335

• Candle Stick pattern formed- Shooting star
   
• Potential reversal Zone - $1303 (yesterday high)
   
• Gold has broken major psychological resistance $1300 and jumped till $1303.62. It is currently trading around $1293.
   
• The Yellow metal has declined till $1285 and recovered slightly from that level. On the lower side yesterday’s low will be acting as major intraday support and any break below targets $1265/$1250/$1242 in short term.
   
• On the higher side major resistance is around $1303 and break above targets $1310/$1325/$1345 in short term.
   
• Short term trend reversal only below $1227.

It is good to buy above $1300 with SL around $1285 for the TP of $1335/$1345