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- Major resistance -$1260
- Gold has broken major trend line support $1249 and declined till $1242.79. it is currently trading around $1245.40.
- Any break below $1249 will drag the commodity down till $1234/$1225 ins short term.
- Short term bullishness only above $1260.
- Overall bullish invalidation only below $1200.
It is good to sell on rallies around $1248-$1250 with SL around $1260 for the TP of $12
