- Gold has shown a good recovery almost more than $10 from previous week low of $1321 on fresh trade worries. The major reason for slight jump in yellow metal was due to introduction of up to 25% on 128 U.S products. The yellow metal hits high of $1331.25 and is currently trading around $1330.74.
- US dollar index has shown a minor decline after hitting high of 90.18. The index hits low of 89.88 and is trading around 89.95.
- The yellow metal is facing major near term resistance at $1331.50 (50- day MA) and any minor bullishness only above that level. Any break above $1331.5 will $1336/$1341/$1347. Overall bullish continuation only above $1362.
- On the lower side, near term support is around $1323 (55- day EMA) and any break below will drag the yellow metal down till $1317/$1313/$1307.
It is good to buy on dips around $1328-29 with SL around $1323 for the TP of $1340/$1347.


FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro: GBP/AUD moves lower on weak UK data
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
FxWirePro- Major Pair levels and bias summary
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
FxWirePro- Woodies Pivot(Major)
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116 



