• Major resistance - $1261.50 (trend line joining $1920 and $1795).
   
• Major support - $1240 (21- day EMA).
   
• Gold prices hovering around one month high on account of Donald Trump meeting with Xi Jinping and is currently trading around $1254.56.
   
• Gold prices inched higher in the Asian session as house speaker Paul Ryan said tax reforms will take more time to accomplish than healthcare.
   
•  US Dollar index shown a mild jump above 55- day EMA at 100.70 and any close above  will take the pair till 100.97 (61.8% retracement of 102.26 and 98.86)/101.35.
   
• Technically, gold is facing major resistance around $1261.50 (trend line joining $1920 and $1795) and any break above will take the yellow metal till $1273/$1280.
   
• On the lower side, short term support is at $1240 (21- day EMA) and any break below will drag the yellow metal till $1228 (daily Kijun-Sen)/ $1219 (61.8% retracement of $1195 and $1261).
  
  It is good to buy on dips around $1250-$1252 with SL around $1240 for the TP of $1262/$1273.