FxWirePro: USD/CAD pauses decline,critical support lies ahead 
ETHUSD Dips Below $3000 on BOJ Rate Hike Fears: Buy the Dip at $2700, Targeting $4000? 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: GBP/NZD ticks down after UK GDP data disappoints 
FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption 
FxWirePro: USD/CNY outlook weaker on renewed downside pressure 
Euro Refuses to Die: EUR/JPY Holds 182.50, Eyes 184 Breakout 
FxWirePro: USD/CAD recovers slightly but trend is still bearish 
FxWirePro: GBP/AUD gives up early gains after UK GDP shock 
FxWirePro: AUD/USD dips on soft China data 
FxWirePro: NZD/USD weakens as RBNZ quashes rate hike talk 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro- Major Pair levels and bias summary 
CAD/JPY Dips on Soft Canadian CPI: Buy the Dip to 115? 
FxWirePro: EUR/CAD gives back chunk of early gains, eyes another drop 
FxWirePro: EUR/CAD gaining momentum for a move towards 1.6250 level 
Gold is consolidating in narrow range after hitting 5-month high of $1250. Markets eye US Fed decision for further direction.It is currently trading around $1241.90.
The major three factors that drive gold prices
US dollar Index: neutral. DXY is trading flat after hitting low of 96.88 level. The index has shown a decline once again after jumping above 97.50 level.US Dollar index’s previous high is around 97.69 and any further bullishness only above that level.It is currently trading around 97.13.(neutral for for gold).
USD/JPY: Strong. The pair has declined slightly nearly 30 pips from high of 113.70. It is currently trading around 113.48. The near term resistance is around 114 and any break below targets 114.25/114.55. Slightly negative for gold.
US 10 year yield : US 10 year yield is trading flat after 3.5% jump from low of 2.8170 and currently trading around 2.89%.negative for Gold.
US 2 year yield: It has jumped more than 4% from low of 2.68% and spread between US 10 year and 2 year has decreased sharply to 13bpbs from 30 bpbs. The spread between 5 year and 2- year yield has inverted for the first time since 2007.
Gold technical
Major support $1183
Major resistance - $1243
On the higher side, major resistance is around $1251 and any convincing break above targets $1260/$1265.
The near term support is around $1238-41 (23.6% fib and 200-day MA) and any violation below will drag the commodity down till $1229 (10-day MA)/$1221 (55- day EMA).
It is good to sell on rallies around $1247-48 with SL around $1252 for the TP of $1235/$1230.
