- Gold has recovered almost $19 from the low of $1228 on account of safe haven demand. The huge sell off in equity and crypto currency has increased demand for precious metal. The yellow metal hits high of $1347 and is currently trading around $1343.
- US Dow lost almost 4.6% yesterday highest one day decline in history. The reason for decline is mainly increasing US bond yields hits 4- year high and made high of 2.86% and is currently trading around 2.79%.
- The yellow metal has recovered after showing a minor dip below 20 –day MA. Any further weakness can be seen only if it closes below 20 –day MA at $1336 for two consecutive days. Any close below will drag the pair till $1320/$1311 (55- day EMA) is possible.
- On the higher side near term resistance is around $1347 and break above targets $1357/$1366. Bullish continuation only above $1365. The minor resistance is around $1343/$1347.
It is good to buy on dips around $1335-37 with SL around $1330 for the TP of $1352/$1357.


FxWirePro: USD/ZAR extends decline, scope for further downside
FxWirePro: GBP/USD supported by UK services recovery and dollar weakness
FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support
NZDJPY Bears Reload: Sell Rallies to 90 as All EMAs Turn Hostile
Major Pair Currency Scores: GBPUSD, USDCAD, AUDUSD & NZDUSD Lead as Top Bullish Pairs to Watch
FxWirePro: USD/CAD eases slightly but trend is still bullish
FxWirePro: GBP/NZD downtrend extends, remains on bearish path
FxWirePro: NZD/USD eases as NZ unemployment surges in Q2
FxWirePro : EUR/NZD outlook weaker on renewed downside pressure
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/AUD gains slightly, but downward resumption looks likely
FxWirePro : USD/JPY slips as Yen firms on further Intervention talk
EUR/USD Retraces After 1.1555 Peak: Technical Levels Point to 1.1600
Crypto Action Bias: BNB/USD Leads Bullish Momentum as Major Pairs Neutralize
FxWirePro- Woodies pivot (Major) 



