Gold breaks minor trend line support at $1249, targets $1235/$1226

 

• Major resistance -$1260
   
• Gold has broken major trend line support $1249 and declined till $1242.79. it is currently trading around $1245.40.
   
• Any break below $1249 will drag the commodity down till $1234/$1225 ins short term.
   
• Short term bullishness only above $1260.
   
• Overall bullish invalidation only below $1200.

 

It is good to sell on rallies around $1248-$1250 with SL around $1260 for the TP of $12