• Major resistance - $1260 (200- day MA).
   
• Gold hits one month high after Trump healthcare flop. The yellow jumped slightly above $1250 till $1258.08 and is currently trading around $1256.97.
   
• DXY tumbles to 1-1/2 month low after Trump failed to push through his health care act. The index is facing strong support at 99.25 and break below will drag the pair down till 98.
   
• Technically, near term resistance is $1260 and any close above will take the yellow metal till $1273 ($113% retracement of $1260 and $1194).
   
• On the lower side, $1243 (23.6% retracement of $1258.85 and $1194.86) will be acting as major support and any break below will drag the gold down till $1230 (21- day EMA)/$1224 (100- day EMA).
  
  It is good to buy on dips around $1253 with SL around $1243 for the TP of $1272.