- Gold has shown a minor recovery after hitting low of $1314.99 yesterday. The yellow metal hits high of $1325.58 at the time of writing. DXY recovered slightly from the low of 89.84 and is trading at 90.05.
- Market eyes US CPI data which is to be released today for further direction. The CPI index is good barometer of the cost of living and is expected to gain 0.2% for the month of Feb. CPI plays major role along with PCE inflation gauge.
- The yellow metal has taken support near trend line support at $1309 and shown a $13 jump. Any decline below $1309 will confirm minor decline and a dip till $1305/$1300 likely. Any violation below $1299 will drag the gold till $1288 (200- day MA).
- The near term resistance is around $1330 (50- day MA) and any break above will take the yellow metal till ay $1341/$1348/$1355. Overall bullish continuation only above $1366.
It is good to buy on dips $1316-$1317 with SL around $1312 for the TP of $1330/$1336.


FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
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/CNY neutral in the near-term, scope for downward resumption
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
FxWirePro: GBP/AUD moves lower on weak UK data
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
FxWirePro- Woodies Pivot(Major)
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
FxWirePro- Major European Indices 



