0
60
- Major support – $1332 (21-day MA).
- Major resistance - $1345
- The yellow metal has broken major support at $1332 and slightly declined
till $1325 at the time of writing . It is currently trading around
$1328.
- Intraday support is around $1323 (55- day EMA) and any break below 55- day
MA will drag the yellow metal down till $1311/$1306 (90- day EMA).
- Gold is facing major intraday resistance around $1333 (daily
Kijun-Sen)and any break above targets $1345 (61.8% retracement of $1352.61 and
$1335)/$1352.
- Short term weakness only below $1300.
It is good to sell on rallies around 1332 with SL around $1340 for the TP of $1323/$1311