• Gold has rebounded after finding support at 1223 levels to trade around 1234 levels, erasing some earlier losses suffered in the previous European session.
   
• However, upside is set to be limited as the commodity finds strong resistance at 1244 levels as a result further fall towards downside can be expected sooner or later.
   
• The commodity is poised to breach the support level located at 1230 and fall further towards downside as the dollar is stronger across the board ahead of tomorrow’s Non-farm payrolls data.
   
• To the upside, the strong resistance can be seen 1244, a break above this level would expose the commodity towards 1260 levels.
   
• To the downside immediate support can be seen at 1230, a break below at this level will open the door towards 1223 levels.
  
  Support levels: S1-1230, S2-1223, S3-1215
  
  Resistance levels: R1-1237, R2-1244, R3-1260