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FxWirePro- Woodies Pivot(Major) 
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FxWirePro- Woodies Pivot(Major) 
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FxWirePro: EUR/AUD eases slightly but trend is still bullish 
- Major resistance -$1315 (200 WMA)
- Major support - $1275 (3 WMA)
- Pattern formed - Bearish divergence (Weekly chart)
- Gold have broken major psychological resistance 1300 in previous week and jumped till $1315.48. The bullion prices have soared around $80 previous week and closed at $1297.
- Technically gold is facing major support at $1275 and any violation below targets $1264 (7 W EMA)/$1257 (Weekly Tenken-Sen)/$1243 (61.8% retracement of $1199 and $1315.58).
- On the higher side , break above $1315 will take the gold to next immediate resistance $1326/$1340.
- In weekly chart CCI(50/RSI(14) have formed bearish divergence, a decline till $1245 is possible.
It is good to sell on rallies around $1300-$1305 with SL around $1320 for the TP of 1265/$1245.
