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Short

Gold breaks minor trendline support at $1249,targets $1235/$1226

FX:XAUUSD   Gold Spot / U.S. Dollar
377 0 12
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.

it is good to sell on rallies around $1248-$1250 with SL around $1260 for the TP of $1235/$1226
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