- Major resistance- $1250 (10 day WMA)
- Major support - $1214 (21 W MA)
- Gold has broken major support $1242 and declined till $1225 yesterday. It is currently trading around $1227.
- On the higher side resistance is around $1250 and break above targets $1260/$1267 in short term. The minor resistance is around $1243 (support turned into resistance).
- The yellow metal support is around $1225 and any indicative break below will drag the commodity down till $1214/1205.
- Overall bullish invalidation only below $1200.
It is good to sell on rallies around $1235 with SL around $1250 for the TP of $1215/$12


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