Gold faces minor resistance around $1257, break above targets $1278

• Minor trend line resistance - $1257 (trend line joining $1278.85 and $1269)
   
• Minor support - $1242
   
• The commodity has recovered after making a low of $1247. It is currently trading around $1255.
   
• Gold is facing strong intraday resistance around $1257 and any break above targets  $1270/$1279/$1283 in short term.
   
• On the lower side minor support is around $1247 and break below targets $1242/$1235.
   
• Overall bullish invalidation only below $1200.

It is good to buy above $1257 with SL around $1247 for the TP of $1269/$1278.