Gold breaks major resistance at $1245, targets $1271/$1284

FX:XAUUSD   Gold Spot / U.S. Dollar
289 0 10
Major resistance - $1245

Major support -$1230

The yellow metal has broken major resistance around $1250 and jumped till $1252.41 at the time of writing. It is currently trading around $1249.

Short term trend is weak as long as resistance $1230 holds.

Any break below $1230 will drag the pair till $1220/$1215/$1208.

Short term bearish invalidation only below $1200. On the higher side break above $1245 confirms minor trend reversal, a jump till $1260/$1271/$1284.

It is good to buy at dips around $1240-$1245 with SL around $1230 for the TP of $1260/$1271/$1284
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