FxWirePro: GBP/USD biased higher but rally currently stretched 
FxWirePro- Woodies Pivot(Major) 
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption 
FxWirePro: EUR/AUD under pressure as key support gives way 
FxWirePro:NZD/USD uptrend loses momentum but bullish setup remains 
FxWirePro- Major European Indices 
FxWirePro: GBP/AUD gains some upside momentum but still bearish 
FxWirePro: GBP/NZD down trend loses steam, remains on bearish path 
Energy Surge Ignites US Inflation: USDCHF Eyes Support Amid Dollar Sell-Off 
FxWirePro: USD/CAD recovers slightly but bearish outlook persists 
FxWirePro: EUR/AUD downtrend loses steam but outlook still bearish 
Euro Holds the Line: EURUSD Finds Support at the 365-EMA as Peace Talks Loom 
FxWirePro: EUR/CAD gains ground on prospects of resumed energy flows 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: GBP/NZD up trend gains some momentum but hurdles ahead 
FxWirePro: GBP/USD bulls remain cautiously optimistic 
- Gold has bounced back after hitting eight week low of $1217 yesterday after Fed FOMC minutes and geopolitical tensions. The yellow metal shown a minor jump till $1229.30 at the time of writing and is currently trading around $1225.63
- Fed policy makers divided over timing of balance sheet reduction. Central bank was spilt on how inflation affect the future pace of interest rate hikes. The market took this spilt opinions on timing of the balance sheet tapering as bullish factor.
- Gold’s near term support is around $1217 (May 9th 2017 low) and break below will drag the commodity down till $1214/$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 $1235 (200 day MA) and any break above will take the commodity till $1248 (89- day EMA)/$1258.
It is good to buy on dips around $1223 with SL around $1215 for the TP of $1235/$1248
