22.07.201601:50:00UTC+00Gold: Buy Above Break Out

• Major resistance -$1333 (trend line joining $1375 and $1333.74, 200 HMA)
   
• Major support - $1322 (hourly Kijun-Sen)
   
• The yellow metal has made a high of $1333 yesterday and slightly declined from that level. It is currently trading around $1327.20.
   
• On the lower side minor weakness can be seen below $1322 and break below targets $1316/$1310 in the short term.
   
• Technically resistance is around $1333 and break above will take the commodity to next level till $1340/$1347/$1357.

It is good to buy above $1333 with SL around $1322 for the TP of $1347/$1357