- Gold trading higher continuously for second consecutive week after hitting low of $1204. The yellow metal has broken major resistance at $1248 (100 –day MA) and is currently trading around $1253.98.
- Euro surged to two year high after ECB is preparing to withdraw stimulus down the road. Dollar is broadly lower after market is losing hope on trump.
- Technically gold has closed well above 100- day MA ($1248) on Friday and closed at $1254.98.
- Gold’s near term support is around $1237 (21- day EMA) and break below will drag the commodity down till $1230 (10- day MA)/$1224 (61.8% retracement of $1204.98 and $1257.23). The yellow metal should break below $1195 for major trend reversal.
- On the higher side, in the daily chart minor resistance is around $1262 (61.85 retracement of $1375 and $112) and any break above will take the commodity till $1274/$.
It is good to buy on dips around $1240-$1242 with SL around $1230 for the TP of $1258/$1277.


FxWirePro : EUR/NZD slips lower after soft US jobs report
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CNY slips as strong China exports data Lift yuan
FxWirePro: USD/JPY holds tight range ahead of key U.S. payrolls data
FxWirePro: GBP/AUD under pressure after disappointing U.S. employment data
AUDJPY Bears Poised: Sell Rallies at 111.55 for 108 Target with 112.20 Stop
FxWirePro: EUR/AUD slips after surprise U.S. employment data
FxWirePro: AUD/USD eases as investors await U.S. employment figures
FxWirePro: USD/ZAR gains some ground, but downtrend remains
FxWirePro : USD/CAD falls as strong Canadian jobs data lifts loonie
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/USD rises as weak U.S. jobs data pressures dollar
EURGBP Bears Break Trendline: Sell Rallies at 0.8578 as Support Breach Eyes 0.8450 Slide
FxWirePro: EUR/ AUD neutral in the near term, scope further downside
FxWirePro- Major Crypto levels and bias summary 



