- Gold erased its previous gains on the back of improvements in the global economic sentiments.
- Last week pair hit the fresh monthly high at $1263 level and returned back below $1200 mark.
- A daily close below $1188 level will confirm the bearish bias again.
- Alternatively, reversal from key support will take the parity back above $1250 marks.
- 10, 25 and 50days EMA still confirms the bullish bias but on the other side RSI signals the short term trend reversal.
- Initial support levels are seen at $1190, $1187 and $1182 thereafter.
- Key resistance levels are seen at $1198, $1202 and $1208 levels.
- Positioning is inconclusive at this point but still bullish hopes alive.
Trading Call:
Long XAU/USD at $1195, stop loss $1187 and target $1208.


NZDJPY Breaks 94: Bulls Charge as Kiwi Roars Back
FxWirePro- Woodies Pivot(Major)
EUR/GBP Slumps Under Pressure: Bearish Momentum Builds as 0.8675 Resistance Holds Firm
USD/CHF Breaks Out: Bullish Surge Past 0.7800 Fuels Fresh Upside Momentum
FxWirePro: GBP/AUD dips ahead of pivotal RBA call
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/NZD outlook weaker on renewed downside pressure
FxWirePro: AUD/USD jumps after RBA rate hike
FxWirePro: USD/CAD attracts selling interest, vulnerable to more downside
FxWirePro- Major Crypto levels and bias summary
FxWirePro: NZD/USD consolidating around 0.6030 , bias is bullish
GBPJPY Roars Back 100 Pips — Bulls in Charge Above 210
AUDJPY Powers Above 109 – Yen Weakness Fuels Aussie Bulls
FxWirePro- Major Pair levels and bias summary
GBPJPY Bulls Dominate: Holds Above 213 with Eyes on 215 Breakout
FxWirePro: GBP/USD regains upwards momentum but unable to hold above 1.3700 level 



