• Gold prices yesterday ends with small gain after a minor sell off till $1273.90. The yellow metal prices are muted as markets await first round French Presidential election results on Sunday.
   
•  U.S dollar index has once again recovered from the yesterday low of 99.37. 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 $1274 (10- day MA) and any break below will drag the yellow metal down till $1255 (200- day MA)/ $1244 (50% retracement of $1195 and $1295).
  
  It is good to sell on rallies around $1282-$1283 with SL around $1291 for the TP of $1272/$1261.