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- Major European Indices
FxWirePro:NZD/USD edges lower, bearish outlook persists
GBP/JPY Technical Outlook: Pound Gains Ground Amid Geopolitical Consolidation
FxWirePro: USD/JPY edges up, looks to extend gains
BTCUSD Coils in Tight Range: Will Geopolitical Stability Trigger a Breakout Toward $80,000?
AUD/JPY Technical Outlook: Range-Bound Trading Amidst Emerging Bearish Pressure
FxWirePro: USD/JPY uptrend loses steam, remains on bullish path
AUDJPY Stalls in Neutral Ground: Bearish Shadows Loom Over the 111.00 Mark
FxWirePro- Major European Indices
FxWirePro- Major Crypto levels and bias summary
NZDJPY in Consolidation: Navigating the 92.00 Range as Bearish Clouds Gather
Bitcoin Retreats as Geopolitical Tensions Flare: BTC/USD Dips Following Iran’s Rejection of Ceasefire
FxWirePro: AUD/USD downside pressure builds, key support level in focus
FxWirePro: USD/ZAR uptrend loses steam, remains on bullish path
FxWirePro: GBP/USD drifts lower , could be on verge of bigger drop
Ethereum Retreats in Bitcoin’s Shadow: ETH/USD Tests Critical Support at USD 2,075
FxWirePro: GBP/NZD continues to recovers , upside pressure builds 



