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FxWirePro: GBP/USD runs out of steam but maintains bullish outlook 
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GBP/JPY Stuck in Holiday Neutral: Range-Bound at 210 Ahead of Christmas 
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FxWirePro: USD/ZAR outlook weaker on renewed downside pressure 
FxWirePro: GBP/AUD tracks lower on firmer Australian dollar 
EUR/GBP Holiday Slumber: Bearish Bias Intact Below 0.8800 Resistance 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: USD/CNY hits 15-month low , scope for further downside 
FxWirePro: GBP/AUD downside pressure builds, key support level in focus 
FxWirePro: USD/ZAR down trend loses steam, remains on bearish path 
FxWirePro- Major Pair levels and bias summary 
- Gold has bounced back from the low of $1218 made on Jul 3rd 2017 on account of renewed North Korea tension. The yellow metal shown a minor jump till $1228.95 at the time of writing and is currently trading around $1226.
- Safe haven buying came in the gold market after the latest missile test by North Korea. It has developed an intercontinental ballistic missile (ICBM) which can carry nuclear weapon. Market also awaits for FOMC minutes meeting for further direction.
- Gold’s near term support is around $1217 (May 9th 2017 low) and break below will drag the commodity down till $1214/$1200/$1195. The yellow metal should break below $1180 for major trend reversal.
- On the higher side, in the daily chart minor resistance is around $1235 (200 day MA) and any break above will take the commodity till $1248 (89- day EMA)/$1258.
It is good to buy on dips around $1223-25 with SL around $1215 for the TP of $1235/$1248.
