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

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