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- Major resistance - $1245
- Major support -$1230
- The yellow metal ahs broken major resistance around $1250 and jumped till $1252.41 at the time of writing. It is currently trading around $1249.
- Short term trend is weak as long as resistance $1230 holds.
- Any break below $1230 will drag the pair till $1220/$1215/$1208.
- Short term bearish invalidation only below $1200. On the higher side break above $1245 confirms minor trend reversal, a jump till $1260/$1271/$1284.
It is good to buy at dips around $1240-$1245 with SL around $1230 for the TP of $1260/$1271/$1284
