Gold prices rose after mixed manufacturing and services data out of China.
- The Chinese Manufacturing Purchasing Managers' Index (PMI) eased from 49.7 in December to 49.4 last month, the lowest reading since August 2012.
- A separate manufacturing PMI run by Caixin and Markit came in at 48.4 in January, up from 48.2 in December.
- XAU/USD is currently trading around major resistance at $1122.00 levels.
- Pair made intraday high at $1122 and $1115.31 levels.
- A break above $1122 levels may drag the parity towards $1127 and $1132 level thereafter. In long run $1152 level can be seen.
- On the other side, support levels are seen at $1117, $1112 and $1102 levels.
We prefer to take long position on XAU/USD around $1120, stop loss $1108 and target $1132 levels.


FxWirePro: USD/JPY neutral in the near-term, scope for downward resumption
FxWirePro: GBP/NZD edges higher but bearish outlook persists
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/ZAR outlook weaker on renewed downside pressure
FxWirePro: USD/ CNY gains some upside momentum but still bearish
FxWirePro: USD/CAD extends drop, faces 50%fib support
FxWirePro: GBP/USD hits 5-week,scope for further upside
FxWirePro: EUR/AUD set To for bigger drop, but close below key fibo needed
FxWirePro: EUR/AUD poised for further downside after key fibo break
GBPJPY Bulls on Guard: Buy the Dip at 206 as Support Holds Firm – Target 208 in Sight
FxWirePro: EUR/NZD neutral in the near-term, scope for downward resumption
FxWirePro: NZD/USD sustains gains as uptrend remains strong
FxWirePro: AUD/USD firms as Australian household spending records sharp jump
FxWirePro: USD/JPY dips below lower range, bearish bias increases
FxWirePro: USD/CAD downside pressure builds, key support level in focus 



