- Gold continuing its third straight session selling on account of firmer dollar and strong economic data. The yellow metal declined till $1251.35 yesterday and is currently trading around $1252.18.
- U.S jobless claims dropped by 8K to a seasonally adjusted 237000 for the week ended June 10, the Labor department said on Thursday. The decrease in number of Americans filing for unemployment benefits confirms labor market is improving and the chance of Fed to hike interest rates once again this year.
- In the daily chart , gold’s near term support is around $1249 (89-EMA) and break below will drag the commodity down till $1240 (200- MA)/$1229 (38.2% retracement of $1126 and $1296).
- On the higher side, minor resistance is around $1279 (61.8% retracement of $1296 and $1257.30) will take the commodity to next level till $1296/$1310.
It is good to sell on rallies around $1258-$1260 with SL around $1273 for the TP of $1240/$1229.


FxWirePro- Woodies Pivot(Major)
FxWirePro:NZD/USD uptrend loses momentum but bullish setup remains
FxWirePro: USD/ZAR edges lower ,investors remain on edge
Energy Surge Ignites US Inflation: USDCHF Eyes Support Amid Dollar Sell-Off
FxWirePro: GBP/NZD up trend gains some momentum but hurdles ahead
FxWirePro: EUR/AUD under pressure as key support gives way
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/CAD gains ground on prospects of resumed energy flows
FxWirePro: GBP/USD bulls remain cautiously optimistic
Euro Holds the Line: EURUSD Finds Support at the 365-EMA as Peace Talks Loom
NZDJPY Bulls Charge Toward 95.00: Safe-Haven Exodus Drives Kiwi Rally
FxWirePro: GBP/AUD gains some upside momentum but still bearish
FxWirePro: GBP/NZD down trend loses steam, remains on bearish path
FxWirePro: USD/CAD extends decline on broad dollar weakness
Bitcoin’s Volatile Reset: ETFs Rebound as Bulls Eye USD 80,000 Milestone
FxWirePro: EUR/AUD downtrend loses steam but outlook still bearish 



