• The yellow metal inched higher slightly on Tuesday to trade  near two-week high as investors remained cautious on Federal Reserve imminent rate hike plan following Friday’s poor US employment data.
   
• In a speech on Monday, Federal Reserve Chair Janet Yellen refrained from setting a time frame for further interest rate hike.
   
• Gold is likely to advance further as the demand for the yellow metal is set to increase further in the coming days.
   
• To the upside, the strong resistance can be seen 1247, a break above this level would expose the commodity towards 1252 levels.
   
• To the downside immediate support can be seen at 1234, a break below at this level will open the door towards 1217 levels.​
  
  Support levels: S1-1234, S2-1217, S3-1200​
  
  Resistance levels: R1-1247, R2-1252, R3-1260