Gold breaks major support $1256, decline till $1230 is possible

• Major support - $1256 (200 day 4H MA)
   
• Major intraday resistance - $1265
   
• The yellow metal has declined drastically on stronger dollar and declined 1.5% yesterday.
   
• Gold has broken major support $1256 and declined till $1254.95.it is currently trading around $1255.95.
   
• Any break above $1265 will take the commodity till $1275/$1282.
   
• Overall bearish invalidation only above $1303.
   
• On the lower side any break below $1256 will take the commodity down till $1242/$1230.

It is good to sell on rallies around $1260-$1263 with SL around $1275 for the TP of $1242/$1230