- Gold has recovered sharply after hitting low of $1236 (6- week low) on account of weak dollar. The yellow metal shown a minor recovery till $1255 and is currently trading around $1252.12.
- US dollar hits ten month low against Euro as central banks in Europe are preparing to scale back monetary stimulus. U.S dollar index broken the low of 95.90 low made on Nob 9th 2016 and declined till 95.75.
- Gold’s near term support is around $1237 (200-MA) and break below will drag the commodity down till $1229 (38.2% retracement of $1126 and $1296). The yellow metal has taken support near 100- day MA and any further weakness can be seen only below this level.
- On the higher side, in the daily chart minor resistance is around $1255 (21 EMA) and any break above will take the commodity till $1266 (100- 4H MA)/$1263 (38.2% retracement of $1296 and $1243) /$1269 (daily Kijun-Sen).
It is good to buy on dips $1246-$1248 with SL around $1237 for the TP of $1263/$1266.


NZDJPY Bulls Charge Toward 95.00: Safe-Haven Exodus Drives Kiwi Rally
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CAD extends decline on broad dollar weakness
FxWirePro: EUR/CAD gains ground on prospects of resumed energy flows
FxWirePro: USD/CAD recovers slightly but bearish outlook persists
Euro Holds the Line: EURUSD Finds Support at the 365-EMA as Peace Talks Loom
FxWirePro: AUD/USD retreats slightly but trend is still bullish
FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/AUD under pressure as key support gives way
Energy Surge Ignites US Inflation: USDCHF Eyes Support Amid Dollar Sell-Off
Bitcoin’s Volatile Reset: ETFs Rebound as Bulls Eye USD 80,000 Milestone
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro: GBP/USD bulls remain cautiously optimistic
FxWirePro: GBP/NZD down trend loses steam, remains on bearish path
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/JPY holding bid into weekend 



