After Monday's brief pause, Gold resumed with its near-term depreciating trend and dropped to a fresh session low after upbeat US GDP data. Currently trading around $1183-82 region, the yellow metal came under additional selling pressure after US Q3 GDP were revised higher to show stronger-than-expected US economy growth of 3.2% annualized pace during third quarter of 2016 as compared to 2.9% reported earlier and 3.0% expected. Upward revision on Q3 growth figures reinforced market expectations that further aggressive fiscal spending by Trump-administration would lead to faster US economic growth and lifted the US Dollar across the board on speculations of a faster Fed rate-tightening cycle in 2017. Higher interest-rate tends to weigh on non-yielding assets - like gold, and has resulted into the prevalent selling pressure surrounding the precious metal. Next in focus would be consumer confidence index, which will be looked upon for immediate respite. However, Friday's NFP data would determine the near-term USD price dynamics and drive demand for dollar-denominated commodities - like Gold. From technical perspective, the metal has now reversed all of its tepid recovery gains recorded in the previous session. Hence, Monday's up-move would now be categorized as a corrective rebound, following post-US election sharp slide of over 10%, and reaffirms well-established near-term bearish trajectory. A follow through selling pressure below $1180 level would turn the commodity vulnerable to aim back towards multi-month lows support near $1171-70 region, touched last week. On the upside, any recovery above $1187 might now confront strong resistance near $1195 level above which a bout of short-covering might lift the metal beyond $1200 handle towards its next major resistance near $1208-10 region.