- Gold has shown a good jump yesterday from the low of $1320.39. The yellow metal jump was supported by declining US dollar index after President Trump’s economic advisor Gary Cohn resigned. US dollar has declined sharply almost 60 pips till 8944 from the yesterday high of 90.06 and is trading at 89.42.
- Gold price rose sharply almost $20 on increasing safe haven demand. Investors are expected to buy gold in order to hedge increasing risk from Trump’s controversial policy.
- On the lower side, any break below $1328 (20- day MA) will drag the gold down till $1317 (61.8% fibo)/$1309/$1305. Bearish continuation only if it closes below $1299. Any violation below $1299 will drag the gold till $1287 (200- day MA).
- The near term resistance is around $1341 and any break above will take the yellow metal till ay $1348/$1355. Overall bullish continuation only above $1366.
It is good to buy on dips around $1325-27 with SL around $1320 for the TP of $1341/$1345.


FxWirePro: AUD/USD grinds higher amid risk appetite revival
FxWirePro- Major Crypto levels and bias summary
FxWirePro: NZD/USD eases as NZ unemployment surges in Q2
FxWirePro: GBP/USD supported by UK services recovery and dollar weakness
FxWirePro- Woodies pivot (Major)
Bitcoin Bulls Hold Key EMAs Above $64,000—Is a Rally Toward $70,000 Next?
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD under pressure as the pair continues to weaken
FxWirePro: USD/ZAR extends decline, scope for further downside
NZDJPY Bears Reload: Sell Rallies to 90 as All EMAs Turn Hostile
AUDJPY Bounces 150 Pips on Short Covering — Sell Rallies at 111.40 Targeting 108 as Higher EMAs Stay Bearish
FxWirePro: USD/ZAR faces downside pressure with 38.2%fib support in focus
FxWirePro: GBP/NZD downtrend extends, remains on bearish path
Major European Indices Trend Scores: DAX & CAC40 Hit Perfect 100, FTSE100 at 85 — All Bullish with Key Levels to Watch
FxWirePro: GBP/USD edges higher as markets track U.S.-Iran talks and oil moves 



