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- Major support - $1264 (21 day EMA)
- The yellow metal has declined drastically after fear of Britain leaving the EU eases. It is currently trading around $1265.
- Gold should close below $1264 (21 day EMA) for further weakness. If the pair closes below this level today , a decline till $1250/$1234 (90 day EMA)/$1225 is possible.
- On the higher side resistance is around $1280 (7 day EMA) and any break above targets $1292/$1300/$1315 (200 W MA).
- Overall trend reversal only below $1200.
It is good to sell below $1260 with SL around $1280 for the TP of $1235/$1224.
