• Gold dipped on Friday as dollar continued to strengthened across the board pushing investors towards riskier assets as demand for safe heaven assets waned.
   
• Gold prices took a dive from 1250 levels to hit low at 1240 before recovering towards 1242 levels.
   
• The commodity is poised to breach the support level located at 1239 and decline further towards lower levels as yellow metal weaker against US dollar.
   
• To the upside, the strong resistance can be seen 1243, a break above this level would expose the commodity towards 1250 levels.
   
• To the downside immediate support can be seen at 1240, a break below at this level will open the door towards 1234 levels.
  
  Support levels: S1-1240, S2-1234, S3-1228
  
  Resistance levels: R1-1243, R2-1250, R3-1255