Major support- $1286 (20- day MA)
Gold has shown a channel break down after a long consolidation. The yellow metal was trading in narrow range after hitting high of $1298.60. It has declined more than $15 and hits intraday low of $1278.
The yellow metal has closed slightly below 20 day MA and this confirms minor weakness a dip till $1264/$1252 (300-day EMA).
On the higher side, gold is facing strong psychological resistance of $1300 and any break above targets $1320.
It is good to sell on rallies around $1280-81 with SL around $1287 for the TP of $1264.


FxWirePro: USD/CAD runs out of steam but maintains bullish outlook
FxWirePro: GBP/USD outlook weaker on renewed downside pressure
Euro Retreats as Geopolitical Tensions Surge: EURUSD Eyes 1.1400 Floor Amid Safe-Haven Demand
FxWirePro: USD/JPY firms as Trump's address on Gulf war spark fresh concerns
FxWirePro: GBP/NZD range to extend until there is game changing news
FxWirePro:NZD/USD drifts lower, could be on verge of bigger drop
FxWirePro: EUR/ NZD consolidating around 2.0180 room for further gains
FxWirePro: GBP/USD recovers but bears are not done yet again
Bitcoin Battles Volatility: Institutional Support Eyes USD 64,000 Floor Amid Geopolitical Tensions
FxWirePro- Woodies Pivot(Major)
NZDJPY Bears Take Control: New Zealand Dollar Retreats as 92 Resistance Holds Firm
FxWirePro: EUR/ NZD steadies around 2.0150, retains bid tone
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/ZAR fibo rejection triggers sizeable pullback
FxWirePro: GBP/NZD remains buoyant, looks to extend gains
FxWirePro- Major European Indices
FxWirePro: AUD/USD downside pressure builds, key support level in focus 



