FxWirePro- Major Pair levels and bias summary 
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls 
CAD/JPY Dips on Soft Canadian CPI: Buy the Dip to 115? 
FxWirePro: USD/CAD recovers slightly but trend is still bearish 
FxWirePro- Woodies Pivot(Major) 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: EUR/CAD gives back chunk of early gains, eyes another drop 
FxWirePro: GBP/NZD ticks down after UK GDP data disappoints 
FxWirePro: USD/ZAR attracts selling interest, could be on verge of a bigger drop 
FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption 
FxWirePro- Major Pair levels and bias summary 
Yen Strikes Back: AUD/JPY Retreats as BOJ Policy Looms – Sell on Rallies to 100 
FxWirePro: USD/JPY slips as yen gains ahead of BOJ meet 
Euro Refuses to Die: EUR/JPY Holds 182.50, Eyes 184 Breakout 
FxWirePro: GBP/USD dips on UK GDP data miss 
Gold halts 2-day rally and shown a minor decline on account of slight recovery in US dollar.The decline in US 10 year bond yield to support price at lower level.It is currently trading around $1235.54
The major three factors that drive gold prices
US dollar Index: Weak. DXY has shown a good recovery of more than 770 pips after hitting low of 96.38 yesterday.The index is facing strong support around 96.60 and any violation below targets 96/95.68.US Dollar index’s previous high is around 97.69 and any further bullishness only above that level.It is currently trading around 97.08.(Negative for gold).
USD/JPY: Neutral. The pair has lost nearly 100 pips from yesterday high of 113.66. It is currently trading around 112.93. The near term support is around 112.40 and any break below targets 112/11.37. positive for gold.
US 10 year yield : US 10 year yield is trading weak and holding well below 200 day MA. It hits low of 2.88% and is currently trading around 2.912%.Positive for Gold.
US 2 year yield: It is trading slightly higher and spread between US 10 year and 2 year has decreased sharply to 11bpbs 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 $1243 and any convincing break above $1243 will take the commodity till $1250/$1260.
The near term support is around $1230 and any violation below will drag the commodity down till $1219 (55-day EMA)/$1211.
It is good to buy on dips around $1232-33 with SL around $1227 for the TP of $1243/$1250.
