Gold - Flirts with $1300, strong support at $1289

FX:XAUUSD   Gold Spot / U.S. Dollar
Resistance - $1310, $1336, $1350

Support – $1289, $1283, $1278

  • Failure at $1300-1303 levels followed by a break below daily low of $1289 would open doors for a drop to $1283 (previous cyclical high). Next major support is seen at $1278.
  • On the higher side, violation at previous day’s high of $1303.79 would expose $1310 levels.
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