Gold lost nearly $8 from the high of $1303 on slight easing trade tension between US and China. US President Trump told media that the dialogue with China is “very good” and relationship with Chinese President Xi Ping “extraordinary”. US stock market recovered sharply nearly 1.8% from low on trade deal optimism which has slightly reduced demand for safe haven. It hits low of $1293.50 and is currently trading around $1294.
The yellow metal broken major psychological resistance $1300 and any daily close above targets $1314/$1317 (61.8% fib).
On the lower side, near term support is around $1289 (55- day EMA) and any break below confirms minor weakness , dip till $1280 (61.8% fib)/$1273.
It is good to buy on dips around $1294-95 with SL around $1289 for the TP of $1317/$1320.


FxWirePro: GBP/AUD drifts lower after BOE rate decision
FxWirePro:USD/JPY climbs back above 160.00 after BOJ rate decision
FxWirePro: NZD/USD consolidates overnight gains, but loses momentum
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
Major FX Action Bias & US Market Sentiment: NZD/USD (Extremely Bullish) & AUD/USD (Bullish) Watchlist
FxWirePro: GBP/AUD bears maintain upper hand
FxWirePro- Major Pair levels and bias summary
Nikkei Surges Past 65,000 on Suspected Yen Weakness: Tech Giants Like Advantest and NEC Lead Explosive Gains
AUDJPY Volatile After Massive Sell-Off: Sell Rallies at 113, Targeting 110 as Bearish Momentum Surges
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
FxWirePro: USD/ZAR gains as stronger dollar outweighs upbeat South Africa's trade surplus
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
NZDJPY Retreats on Yen Strength – Bearish Setup Targets 90 After Hitting 92.75 Low
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD rises as soft US data pressures dollar 



