- Gold prices shown a minor jump of almost $15 from a minor decline below 200 –day MA. The yellow metal overall trend is still weak on account of rising US 10 year yield and US dollar. USD/JPY is showing good positive trend for the past two days due to easing geo political tensions. USD/JPY and gold has negative correlation each other. US dollar index is trading slightly weak on account of profit booking. The index hits high of 93.42 and is currently trading around 93.Market eyes US CPI data which is to be released today for further direction. It is currently trading around $1313.30.
- The yellow metals near term resistance at $1316.60-$1318 (23.6% fib and trend line support turned into resistance) and any break above will take the yellow metal till $1324 (100- day MA)/$1328 (50- day MA).
- On the lower side, near term support is around $1305 (200- day MA) and any daily close below will drag the yellow metal down till $1294/$1285.
It is good to sell on rallies around $1312-13 with SL around $1318 for the TP of $1300/$1285.


FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/JPY edged higher as dollar gains as peace talks falter
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/AUD under pressure as key support gives way
FxWirePro: GBP/NZD down trend loses steam, remains on bearish path
FxWirePro: USD/CAD extends decline on broad dollar weakness
FxWirePro: NZD/USD softens on Iran peace talk failure
FxWirePro: GBP/AUD gains some upside momentum but still bearish
FxWirePro: GBP/NZD up trend gains some momentum but hurdles ahead
FxWirePro: USD/JPY holding bid into weekend
Bitcoin’s Volatile Reset: ETFs Rebound as Bulls Eye USD 80,000 Milestone
FxWirePro: GBP/AUD positions for another drop, eyes 1.8900level
Energy Surge Ignites US Inflation: USDCHF Eyes Support Amid Dollar Sell-Off
NZDJPY Bulls Charge Toward 95.00: Safe-Haven Exodus Drives Kiwi Rally
FxWirePro: GBP/USD biased higher but rally currently stretched
FxWirePro:NZD/USD uptrend loses momentum but bullish setup remains 



