Spot Gold closed lower yesterday on profit booking at higher levels, failing to 1425.00-resistance level and the bearish shooting star candle, which illustrates a minor downside correction. Stability below 1406.00 intraday support should confirm this scenario.
Support for the commodity is seen at 1405, 1390 and resistance is seen at 1413 and 1423 levels. Traders are advised to stay on the selling side.