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- Major support - $1310
- Major resistance- $1325 (200 15 min MA)
- The yellow metal has broken minor support $1320 yesterday and declined till $1310.89. it is currently trading around $1316.90.
- Gold trades slightly above minor trend line resistance $1315 (trend line joining $1320.93 and $1315.25). So slight jump till $1325 is possible.
- On the lower side, any violation below $1310 will drag the commodity down till $1305/$1287 (50% retracement $1199 and $1374).
It is good to buy on dips around $1315 -1316 with SL around $1310 for the TP of $1325
