- Gold recovered almost $30 from the low of $1204 made on Jul 10th 2017. The yellow metal jumped till $1233.0 and is currently trading around $1230.
- U.S data came slightly weaker than expected on Friday. U.S core retail sales came at -0.2% compared to forecast of 0.2%. U.S core CPI inflation data came at 0.1% m/m compared to forecast of 0.2%. Weak economic has dimmed the chance of more rate hike by US Fed.
- Gold’s near term support is around $1220 (10- day MA) and break below will drag the commodity down till $1207 (50% retracement of $1296 and $1122)/$1195. The yellow metal should break below $1180 for major trend reversal.
- On the higher side, in the daily chart minor resistance is around $1233 (21- EMA) and any break above will take the commodity till $1243 (55- EMA)/$1250.
It is good to buy on dips around $1220 with SL around $1207 for the TP of $1233/$1243/$1250.


FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/AUD attracts selling interest, vulnerable to more downside
FxWirePro: EUR/CAD slips as firm oil price lift loonie despite soft GDP data
FxWirePro: EUR/AUD slips following RBA minutes , plunge to test a key fibo grows
FxWirePro: EUR/NZD set for bigger drop, but close below key fibo needed
EUR/GBP Holiday Slumber: Bearish Bias Intact Below 0.8800 Resistance
CAD/JPY Holds Positive Bias Despite Canada’s Sharp GDP Contraction: Buy Dips Toward 116 Target
FxWirePro: USD/CAD outlook weaker on renewed downside pressure
FxWirePro: USD/CNY hits 15-month low , scope for further downside
USD/CHF Bears in Control: Dips Below 0.7870 Signal More Downside Ahead
AUDJPY Bulls in Control: Buy the Dips Above 103.80 for a Run Towards 106
FxWirePro: USD/ZAR outlook weaker on renewed downside pressure
FxWirePro: USD/ZAR down trend loses steam, remains on bearish path
FxWirePro: AUD/USD gaining momentum for a move towards 0.6800 level 



