Gold has shown a good jump till $1287 after Fed kept its rates unchanged. But central bank was optimistic about US economic growth and mentioned that rates to be lower till 2019 on weak inflation.Traders got slightly disappointed as they are looking for hint of rate cut. DXY recovered more than 50 pips after Fed Powell press conference. The yellow metal hits low of $1272.64 and is currently trading around $1272.05.
On the lower side, near term support is around $1270 and any violation below will take the yellow metal to next level till $1266/$1260.
The near term resistance is around $1278 and any break above confirms slight bullishness and a jump till $1282. Any break above $1282 confirms major intraday bullishness.
It is good to sell on rallies around $1275-76 with SL around $1282 for the TP of $1266/$1260


FxWirePro- Major Crypto levels and bias summary
Geopolitical Easing Fuels AUDJPY Rally Toward 115 — Buy Dips at 113
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FxWirePro- Woodies pivot (Major)
FxWirePro- Woodies pivot (Major)
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Peace Dividend Powers NZDJPY Past 93.50 — Bulls Set Sights on 96.15 Target
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FxWirePro: USD/JPY gains above 160 level ahead of BOJ policy meeting
Relief Rally Extends to 112.75, but AUDJPY EMA Structure Favors Selling
Sell the Bounce: NZDJPY Bearish Bias Persists Below 94.20, Eyes 90.50
FxWirePro: GBP/AUD eases on Geopolitical whipsaw
Ethereum Cracks Under $1,700: Sell the Rally Near $1,750 as Bears Eye $1,380–$1,200 



