Gold price is higher on Tuesday on profit taking from three-day steep fall, which hit new 2 ½ week low at $1322.
The upside action was so far limited as strong dollar and reduced safe-haven demand continue to weigh.
Recovery attempts were so far capped by daily cloud base ($1328) and stronger upticks are expected to stay under solid resistances at $1331 (55SMA) and $1334 ( daily cloud top / 30SMA) to keep bears intact for fresh downside and test of 100SMA support at $1318.
Only firm break and close above daily cloud would sideline immediate downside risk and signal stronger retracement of $1355/22 bear-leg.
Res: 1328, 1331, 1334, 1337
Sup: 1322, 1318, 1315, 1311
