Gold has lost more than $8 at start of US session and hits low of $1276.It is currently trading around $1279. DXY is recovering slightly but US 10 year bond yield is trading low and hits fresh 19month low.
Major support to be watched -$1266-$1269 (May 2nd low and May 21st low). Any major weakness below $1266.Below that level targets $1250.
Resistance - $1287 (recent high)/$1292/$1303 (May month high). Any bullish continuation only above $1303.


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