Major resistance -$1260
Gold has broken major trend line support $1249 and declined till $1242.79. it is currently trading around $1245.40.
Any break below $1249 will drag the commodity down till $1234/$1225 ins short term.
Short term bullishness only above $1260.
it is good to sell on rallies around $1248-$1250 with SL around $1260 for the TP of $1235/$1226
Gold has broken major trend line support $1249 and declined till $1242.79. it is currently trading around $1245.40.
Any break below $1249 will drag the commodity down till $1234/$1225 ins short term.
Short term bullishness only above $1260.
it is good to sell on rallies around $1248-$1250 with SL around $1260 for the TP of $1235/$1226
