Bullion moved higher on Monday, boosted by a sliding US dollar and rising oil prices, after closing the previous year with around a 10% fall.
- Futures for gold added 1.09% to trade at $1,071.80 per troy ounce over the morning session in Europe.
- The US dollar index declined 0.53% to trade at 98.158 on Monday, making dollar-priced assets such as gold more attractive for traders holding other currencies.
- Strong resistance is seen at $1074 levels, above that $1081.
- Support is seen at $1071, $1068 levels.
- We prefer to stay short on XAUUSD at $1073.84, Stop loss at $1082 and target at $1064 levels.


FxWirePro- Major Pair levels and bias summary
GBPJPY Bulls on Guard: Buy the Dip at 206 as Support Holds Firm – Target 208 in Sight
FxWirePro: AUD/USD consolidates gains ,remains on positive footing
FxWirePro: USD/ CNY gains some upside momentum but still bearish
FxWirePro: GBP/AUD gains some upside momentum, but bearish outlook remains
FxWirePro: EUR/NZD neutral in the near-term, scope for downward resumption
FxWirePro: EUR/AUD poised for further downside after key fibo break
FxWirePro: EUR/AUD set To for bigger drop, but close below key fibo needed
FxWirePro: USD/ZAR outlook weaker on renewed downside pressure
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major US Indices
FxWirePro- Major European Indices
GBPJPY Eyes 208: Pound Pulls Back, Bulls Guard 206
FxWirePro: AUD/USD firms as Australian household spending records sharp jump
AUDJPY Eyes New Highs: Bulls Hold 102 Support, Target 104 



