- Gold has bounced back after hitting eight week low of $1217 yesterday after Fed FOMC minutes and geopolitical tensions. The yellow metal shown a minor jump till $1229.30 at the time of writing and is currently trading around $1225.63
- Fed policy makers divided over timing of balance sheet reduction. Central bank was spilt on how inflation affect the future pace of interest rate hikes. The market took this spilt opinions on timing of the balance sheet tapering as bullish factor.
- 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 with SL around $1215 for the TP of $1235/$1248


FxWirePro: EUR/AUD slips following RBA minutes , plunge to test a key fibo grows
NZDJPY: Sell the Rallies as Bears Guard 92 and Range Trade Persists
FxWirePro: USD/ZAR outlook weaker on renewed downside pressure
FxWirePro: USD/JPY extends falls as Japanese yen extends rally after hawkish BoJ minutes
AUDJPY Bulls in Control: Buy the Dips Above 103.80 for a Run Towards 106
FxWirePro: USD/CAD outlook weaker on renewed downside pressure
FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/CAD slips as firm oil price lift loonie despite soft GDP data
CAD/JPY Holds Positive Bias Despite Canada’s Sharp GDP Contraction: Buy Dips Toward 116 Target
USD/CHF Bears in Control: Dips Below 0.7870 Signal More Downside Ahead
FxWirePro: USD/CAD dips below lower range, bearish bias increases
FxWirePro: USD/ZAR down trend loses steam, remains on bearish path
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/CAD extends fall, vulnerable to more downside
FxWirePro: GBP/AUD downside pressure builds, key support level in focus 



