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
GBP/JPY Bounces Off 210 Support: Bullish Bias Intact – Buy Dips Targeting 212
FxWirePro: GBP/NZD sustains gains as uptrend remains strong
FxWirePro: USD/JPY holds narrow range,focus on near-term support
FxWirePro: USD/ZAR remains weak, eyes 23.6%fib support
Ethereum Coils in Tight Range: Bullish Signals Emerge – Buy Dips Targeting $3600
FxWirePro: NZD/USD bears regain grip as greenback firms
AUD/JPY Holds Steady with Bullish Undertones: Buy the Dips Targeting 107
FxWirePro- Major European Indices
GBPJPY Coiled in Tight Range: Bullish Bias Holds Above 210 – Buy Dips Targeting 212 Breakout
FxWirePro: GBP/USD drifts lower as greenback firms
FxWirePro: USD/JPY caught in narrow range, bias bearish
EURJPY Holiday Lull: Tight Range Above 183 Keeps Bullish Bias Alive – Buy Dips Targeting 186-187
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
FxWirePro: GBP/AUD neutral in the near-term, scope for downward resumption
FxWirePro: USD/ZAR remains weak, eyes 23.6%fib support 



