- Gold recovered almost $21 from the low of $1204 after dovish Fed Chairman statement. The yellow metal jumped till $1225 and is currently trading around $1216.
- Fed chairman Janet Yellen said that central bank would gradually tighten monetary policy as inflation puzzles. Chairman said U.S economy is robust and indicated that the Fed remained on course to begin reducing its bond holdings.
- Gold’s near term support is around $1207 (50% retracement of $1122.75 and $1296.30) and break below will drag the commodity down till $1200/$1195. The yellow metal should break below $1180 for major trend reversal.
- On the higher side, in the daily chart minor resistance is around $1226 (23.6% retracement of $1296 and $1204) and any break above will take the commodity till $1233 (21- day EMA))/$1243 (55- EMA).
It is good to buy on dips around $1210-$1213 with SL around $1200 for the TP of $1233/$1243.


FxWirePro: AUD/USD uptrend loses steam, remains on bullish path
USD Loses Shine: Soft Labor Market and Stalling Consumer Spending Drag USDCHF Lower
FxWirePro: USD/CAD slides as U.S. dollar weakens after jobs data
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
FxWirePro: GBP/NZD firms as RBNZ pushes back on rate hike prospects
FxWirePro- Woodies Pivot(Major)
UK Economy Accelerates, But GBP/JPY Stays Capped – Sell Toward 206
NZDJPY: Bearish Bias Persists — Sell Rallies Near 90 Targeting 88
FxWirePro: GBP/USD gains as UK manufacturing PMI beats expectations
Yen Surge Dims NZDJPY Shine: Bearish Trend Holds Below 91 Resistance
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/NZD advances as kiwi weakness after RBNZ's Breman comments
FxWirePro: NZD/USD sidelined ahead Of key New Zealand GDP and US inflation update
Yen Power Play: AUDJPY Crumbles Below 103.70 Resistance
FxWirePro: USD/JPY dips as yen strengthens ahead of BOJ policy meeting
FxWirePro- Major Pair levels and bias summary 



