• The yellow metal inched higher on Tuesday, as weaker dollar and falling stock markets increased demand for safe heaven assets like gold and Japanese yen.
   
• The commodity is set to advance further towards higher side in the coming sessions as the demand for yellow metal is set to continue.
   
• Further downside is expected to be limited, as the support level located at1266 is likely to hold the bears from falling further below and bring a rebound back towards higher levels.
   
• To the upside, strong resistance can be seen 1286 a break above this level would expose the commodity towards 1295 levels.
   
• To the downside immediate support can be seen at 1275, a break below at this level will open the door towards 1266 levels.
  
  Support levels: S1-1275, S2-1266, S3-1256
  
  Resistance levels: R1-1286, R2-1295, R3-1304