Gold: Buy above breakout

• Major intraday resistance -$1332 (trend line joining $1347 and $1338)
   
• The yellow metal has made a high of $1335 yesterday and declined from that level.  It is currently trading around $1329.70
   
• Gold is trading in very narrow range between $1338 and $1323.58 for the past three trading session.
   
• The intraday bias is neutral and it should break above $1332 (trend line resistance) for further upside.
   
• On the higher side, any violation above $1332 takes the yellow metal till $1340/$1345 (200 HMA)/$1357.

Indicators (hour chart)

CCI (50) – buy

ADX (14) - neutral

It is good to buy above $1332 with SL around $1320 for the TP of $1340/$1349