- Major resistance- $1242.50 (5- day MA)
- Major support - $1200
- The yellow metal is increasing slightly after declining for the high of $1337 made after Trump has elected as U.S president.
- Gold declined till $1211 and recovered from that level. It is currently trading around $1230.
- On the higher side, resistance stands at 5- day MA ($1242.50) any break above targets $1260($1267 (10- day MA).
- The major support is around $1207 (100- W MA) and any break below will drag the yellow metal down till $1200/$1172 (61.8% retracement of $1046.50 and $1375).
It is good to buy on dips around $1220 with SL around $1207 for the TP of $1242/$1260


FxWirePro- Major European Indices
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/JPY slips as yen gains ahead of BOJ meet
FxWirePro: USD/CNY outlook weaker on renewed downside pressure
FxWirePro: GBP/AUD consolidates around 2.0145, maintains bullish bias
FxWirePro: EUR/CAD gaining momentum for a move towards 1.6250 level
EUR/JPY Retreats: Yen Strength Caps Rally, Bearish Bias Intact Below 183.15
CAD/JPY Dips on Soft Canadian CPI: Buy the Dip to 115?
FxWirePro: GBP/NZD ticks down after UK GDP data disappoints
FxWirePro: USD/CAD pauses decline,critical support lies ahead
FxWirePro: USD/ZAR attracts selling interest, could be on verge of a bigger drop
FxWirePro: USD/CNY outlook weaker on renewed downside pressure
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/JPY dips as yen strengthens ahead of BOJ policy meeting
FxWirePro: GBP/NZD firms as RBNZ pushes back on rate hike prospects 



