As we advised yesterday and as we see over our previous chart
Gold managed to back to advance just before year end
As we see over the chart, Gold facing resistance downtrend line around 1294-99 zone where as long as market holding trades below another drop correction toward 1260-65 zone will be expected
Above 1300 zone market may enter new uptrend wave that may target 1330-50 zone
| Support | Resistance | |
| Level 1 | 1275 | 1294.98 |
| Level 2 | 1260-65 | 1315 |
| Level 3 | 1243 | 1330 |
