SPOT GOLD extends recovery on geopolitical tensions; higher demand

Spot Gold remains in green for the third straight day and extends recovery, driven by weaker dollar; persisting geopolitical tensions over North Korea in increasing physical demand from India and China.
Fresh upside action on Tuesday broke above barrier at $1287 (50% retracement of $1313/$1260 downleg) and approaching $1290 (4-hr cloud top. Break here would expose key resistances at $1297 (Fibo 38.2% of entire $1357/$1260 descend) and $1302 (daily cloud top).
Initial support lies at $1282 (session low) with stronger corrective dips to be contained by broken 10SMA ($1278).

Res: 1290; 1293; 1297; 1301
Sup: 1282; 1278; 1275; 1272