• The yellow metal traded higher on Monday as global shares declined while fall in average US earnings lessened expectations that Federal Reserve could raise interest rate at next meeting. 
  
  
• The commodity after finding support at 1255 level has rebounded strongly and is approaching to test resistance level located at 1273. 
  
  
• Any downside is expected to be limited as the support level located at 1255 is likely to hold the bears from falling further below and bring a rebound back towards higher levels.
  
  
• To the upside, the strong resistance can be seen 1273, a break above this level would expose the commodity towards 12805 levels.
  
  
• To the downside immediate support can be seen at 1255, a break below at this level will open the door towards 1244 levels.
  
  Support levels: S1-1255, S2-1244, S3-1233 
  
  Resistance levels: R1-1273, R2-1280, R3-1291