- Major resistance - $1358(24th Jun 2016 high)
- Major support - $1324 (21 4H MA)
- Gold has jumped till $1357.50 on Friday and slightly declined from that level. It is currently trading around $1346.
- Gold is facing strong resistance around $1358 and further bullishness can be seen above that level. Short term trend is bullish as long as support $1324 holds.
- On the lower side, any break below $1324 will drag the commodity down till $1305 (7 day EMA and daily Tenkan-Sen)/$1290.
- Any break above $1358 will take the yellow metal to next level $1372/$1392 (161.8% retracement of $1358 and $1304) level in the short term.
- Overall bullish invalidation only below $1200.
It is good to buy on dips around $1340 with SL around $1324 for the TP of $1358/$1372/$1390.


FxWirePro: GBP/AUD under pressure after disappointing U.S. employment data
FxWirePro- Major Crypto levels and bias summary
FxWirePro : USD/CAD falls as strong Canadian jobs data lifts loonie
FxWirePro: AUD/USD range bound ahead of RBA policy decision
FxWirePro:' USD/CAD faces downside risk below 1.4000
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/JPY advances as traders test Japan's intervention resolve
FxWirePro: AUD/USD eases as investors switch focus to RBA
FxWirePro: GBP/NZD gains some upside momentum, but outlook is bearish
EURGBP Weakens After Doji – Bearish Bias Intact Below 0.8600, Sell Rallies
GBPJPY Surges on Yen Weakness – Bullish Dip Buy Eyes 217
EURUSD Flat Amid Middle East Tension – Bullish Dip Buy Eyes 1.1660
NZDJPY Bullish Above 93 as Yen Stumbles – Buy Signal Triggers at 93.50
FxWirePro: USD/CNY hovers near 3-1/2-year low ahead of U.S. data
FxWirePro:NZD/USD drifts lower, could be on verge of bigger drop
FxWirePro: EUR/AUD slips after surprise U.S. employment data 



