• Major resistance- $1326.50 (21- day MA)
   
• Major support  -$1310 (100- day MA)
   
• The yellow metal has declined sharply after jumping till $1328. It is currently trading around $1314.92.
   
• In the daily chart, gold is facing strong resistance at $1326.55 (21- day MA). It should close above 21- day MA for further bullishness .Any close above will take the yellow metal to next immediate resistance at $1342/$1349/$1352/$1357 in the short term.
   
• The major support is around $1310 (100- day MA) and any break below targets $1300/$1287 (50% retracement of $1199 and $1375). 
   
• Short term weakness only below $1300. 
  
  It is good to sell on rallies around $1315-18 with SL around $1328 for the TP of $1301/$1288.