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- Major support- $1237 (3 W EMA)
- Gold has retreated after making a high of $1279. It is currently trading around $1259.
- Short term trend is still bullish as long as support $1237 holds.
- On the higher side major resistance is around $1280 and break above targets $1300/$1325 in short term.
- Gold minor support is around $1249 and any break below targets $1244/$1237.
- Overall bearish invalidation only below $1200.
It is good to buy at dips around $1255-60 with SL around $1237 for the TP of $1280/$1300/$1325.
