Minor trend line resistance - $1257 (trend line joining $1278.85 and $1269)
Minor support - $1242
The commodity has recovered after making a low of $1247. It is currently trading around $1255.
Gold is facing strong intraday resistance around $1257 and any break above targets $1270/$1279/$1283 in short term.
On the lower side minor support is around $1247 and break below targets $1242/$1235.
Overall bullish invalidation only below $1200.
It is good to buy above $1257 with SL around $1247 for the TP of $1269/$1278.
Minor support - $1242
The commodity has recovered after making a low of $1247. It is currently trading around $1255.
Gold is facing strong intraday resistance around $1257 and any break above targets $1270/$1279/$1283 in short term.
On the lower side minor support is around $1247 and break below targets $1242/$1235.
Overall bullish invalidation only below $1200.
It is good to buy above $1257 with SL around $1247 for the TP of $1269/$1278.