• Gold prices declined almost $15 yesterday after hitting fresh 5- month high. The yellow metal mild decline on account of easing geopolitical tensions over North Korea.
   
• Gold recovered from the low of $1278 after UK PM Theresa May announced plans to call an early election.
   
•  U.S dollar index has broken major support 100 and declined till 99.47 yesterday. The index should break above  100 for further bullishness. Major weakness can be seen only below 98.86 level.
   
• On the higher side, any break above $1300 will take the yellow metal till $1306 (161.8% retracement of $1263.87 and $1195.12)/$1332.


• The major near term support is around $1275 (7- day MA) and any break below will drag the yellow metal down till $1256 (200- day MA)/ $1244 (50% retracement of $1195 and $1295).
  
  It is good to sell on rallies around $1287-$1289 with SL around $1300 for the TP of $1272/$1260.