ETHUSD Dips Below $3000 on BOJ Rate Hike Fears: Buy the Dip at $2700, Targeting $4000? 
USD Loses Shine: Soft Labor Market and Stalling Consumer Spending Drag USDCHF Lower 
Yen Surge Dims NZDJPY Shine: Bearish Trend Holds Below 91 Resistance 
FxWirePro: GBP/AUD maintains bullish bias with focus on 2.0300 level 
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path 
FxWirePro: USD/CAD slides as U.S. dollar weakens after jobs data 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: EUR/NZD edges lower but bullish outlook persists 
FxWirePro- Woodies Pivot(Major) 
FxWirePro: GBP/NZD firms as RBNZ pushes back on rate hike prospects 
FxWirePro: GBP/AUD consolidates around 2.0145, maintains bullish bias 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: USD/JPY dips as yen strengthens ahead of BOJ policy meeting 
FxWirePro: GBP/NZD remains bullish as rally continues 
UK Economy Accelerates, But GBP/JPY Stays Capped – Sell Toward 206 
Gold prices were immediately affected by the Fed Chair Yellen speech. Pair broke the major resistance level at $1200 and made intraday high at $1214 marks.
- Intraday bias in Gold remains bullish for the moment.
- On the top side, key resistance levels are seen at $1218, $1225 and $1232 levels.
- Alternatively, a daily close below $1182 marks will turn bias bearish again.
- Fed chair Yellen will also have her second day of testimony to Congress later today.
- Moreover, falling Oil prices and worsening global oil supply glut are also responsible for the positive gold prices.
- Futures for WTI dropped 1.42% to trade at $27.06 per barrel, while Brent futures slipped 0.39% to $30.72 per barrel.
- Initial support levels are seen at $1200, $1192 and $1182.
- On the top side resistance levels are seen at $1214, $1218, $1225, $1132 and $1238.
We maintain our bullish trend for Gold. We prefer to take long position in XAU/USD around $1205, Stop loss $1182 and target $1238.
