Gold has shown a massive recovery after hitting low of $1266.80 on Friday. US economy has added 263000 jobs in Apr compared to forecast of 181K and unemployment declined sharply from 3.8% to 3.6%. USD Index jumped till 98.10 but started to decline on slight weakness in average hourly earnings which came at 0.2% compared to estimate of 0.3%.It hits low of 97.41 and any break below 97.40 (20- day MA) confirms further weakness. The yellow metal hits high of $1285.73 and is currently trading around $1282.35.
On the lower side, near term support is around $1278 and any violation below will drag the yellow metal down till $1270/$1266. Any break below $1266 confirms bearish continuation.
The near term resistance is around $1286 and any break above targets $1290 (55- day EMA)/$1296/$1300.
It is good to buy on dips around $1278-79 with SL around $1273 for the TP of $1290.


FxWirePro: USD/CNY dips to hit three year low,scope for further downside
FxWirePro- Woodies pivot (Major)
FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support
FxWirePro: USD/ZAR gains as stronger dollar outweighs upbeat South Africa's trade surplus
FxWirePro- Major Pair levels and bias summary
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
FxWirePro: USD/CAD retreats after Canada posts stronger-than-expected GDP growth
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD bears maintain upper hand
JPY Currency Meter Signals: NZDJPY Bullish (+25) vs CHFJPY (-100) – These Pairs Could Move Next
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
FxWirePro: AUD/USD gains some ground but outlook is bearish
NZDJPY Bullish Rebound: Buy Dips as EMAs Align for 97 Target
Nikkei Surges Past 65,000 on Suspected Yen Weakness: Tech Giants Like Advantest and NEC Lead Explosive Gains
Major FX Action Bias & US Market Sentiment: NZD/USD (Extremely Bullish) & AUD/USD (Bullish) Watchlist
AUD/JPY Slips Below 112 as BOJ Intervention Sparks Bearish Momentum: Sell the Rallies 



