- Gold hits one week yesterday after Fed signals only gradual increase in rates. The yellow metal broken major resistance at $1212 and jumped sharply till $1227.
- Fed hiked interest rates by 25bpbs from 0.75% to 1% .But dovish Fed plot has dragged the US dollar down against all major pairs.
- DXY has broken major support of 101 and declined till 100.41. The index is trading around 100.58 and minor weakness can be seen if the index closes below 100.60. It is currently trading around 100.59.
- U.S 10 year bond yield fell 9.4 bpbs to 2.50% point after Fed policy meeting from 2-1/2 year high of 2.61%.
- Technically, near term resistance is around $1229 (daily Kijun-Sen) and any break above will take the yellow metal till $1237 (61.8% retracement of $1263.95 and $1195)/$1247.
- On the lower side , $1220 (21- day EMA) will be acting as major support and any break below will drag the gold down till $1208/$1196.
It is good to buy on dips around $1223 with SL around $1217 for the TP of $1237/$1245


FxWirePro: USD/ZAR down trend loses steam, remains on bearish path
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/JPY extends fall as yen rises on intervention fears
FxWirePro: USD/CAD slips as oil rally boosts loonie
FxWirePro: EUR/AUD slips following RBA minutes , plunge to test a key fibo grows
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD tracks lower on firmer Australian dollar
ETHUSD Dip: Prime Buy Zone to $3600 Targets
211.55 Ceiling Holds: GBPJPY Profit-Taking Turns Bearish
AUDJPY: Buy-the-Dip Strategy Intact Above 103.80 Despite Profit-Taking Pullback
FxWirePro: USD/ZAR extends losses ,eyes 16.400 level
Bitcoin Stuck in No-Man’s-Land: $85K Dip or $100K Breakout Next?
FxWirePro- Major Pair levels and bias summary
0.7870 Break Looms – Next Stop 0.7800 for USDCHF?
FxWirePro: USD/CAD outlook weaker on renewed downside pressure
Pound Strike Forces EURGBP Retreat – Next Stop 0.8660?
FxWirePro: AUD/USD firms on hawkish RBA meeting minutes 



