- Gold has shown a good jump yesterday from the low of $1320.39. The yellow metal jump was supported by declining US dollar index after President Trump’s economic advisor Gary Cohn resigned. US dollar has declined sharply almost 60 pips till 8944 from the yesterday high of 90.06 and is trading at 89.42.
- Gold price rose sharply almost $20 on increasing safe haven demand. Investors are expected to buy gold in order to hedge increasing risk from Trump’s controversial policy.
- On the lower side, any break below $1328 (20- day MA) will drag the gold down till $1317 (61.8% fibo)/$1309/$1305. Bearish continuation only if it closes below $1299. Any violation below $1299 will drag the gold till $1287 (200- day MA).
- The near term resistance is around $1341 and any break above will take the yellow metal till ay $1348/$1355. Overall bullish continuation only above $1366.
It is good to buy on dips around $1325-27 with SL around $1320 for the TP of $1341/$1345.


FxWirePro: NZD/USD eases as NZ unemployment surges in Q2
FxWirePro: GBP/NZD downtrend extends, remains on bearish path
AUDJPY Momentum Fades at 111: Sell Rallies to 108 as Bearish EMAs Dominate
EUR/USD Eyes 1.1660 Breakout: Buying Dips Near 1.1530 as Geopolitical Tensions Ease
FxWirePro : EUR/NZD outlook weaker on renewed downside pressure
Major European Indices Trend Scores: DAX & CAC40 Hit Perfect 100, FTSE100 at 85 — All Bullish with Key Levels to Watch
FxWirePro: USD/ZAR extends decline, scope for further downside
FxWirePro- Woodies pivot (Major)
Bitcoin Bulls Hold Key EMAs Above $64,000—Is a Rally Toward $70,000 Next?
EUR/USD Retraces After 1.1555 Peak: Technical Levels Point to 1.1600
FxWirePro: GBP/USD edges higher as markets track U.S.-Iran talks and oil moves
FxWirePro- Major Pair levels and bias summary
Major Pair Currency Scores: GBPUSD, USDCAD, AUDUSD & NZDUSD Lead as Top Bullish Pairs to Watch
NZDJPY Bears Reload: Sell Rallies to 90 as All EMAs Turn Hostile
FxWirePro: GBP/AUD under pressure as the pair continues to weaken 



