- Gold declined slightly after hitting an intraday high of $1265 yesterday. Dollar has been under pressure after dovish Fed. Market expects Fed to hold on rate hike till Dec after watching series of economic data for few months. The yellow metal declined till $1254 yesterday and is currently trading around $1259.
- Technically gold has broken major resistance around $1258 and closed slightly above that level yesterday.
- Gold’s near term support is around $1252 (5- day MA) and break below will drag the commodity down till $1242.75 (21- day EMA)/$1230 (200- day MA). The yellow metal should break below $1195 for major trend reversal.
- On the higher side, in the daily chart minor resistance is around $1265 and any break above will take the commodity till $1280 (61.8% retracement of $1375 and $1122)/$1295.
It is good to buy on dips around $1258-$1259 with SL around $1252 for the TP of $1280.


FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/AUD slips after surprise U.S. employment data
FxWirePro- Major Crypto levels and bias summary
NZDJPY Bears Lie in Wait: Sell Rallies at 93 for 90 Target with 94 Stop
DAX & CAC40 Score Perfect 100: Extremely Bullish With Major Levels to Watch as FTSE100 Hits 80
FxWirePro: USD/JPY holds tight range ahead of key U.S. payrolls data
FxWirePro: GBP/AUD under pressure after disappointing U.S. employment data
FxWirePro: NZD/USD retreats as Middle East instability weighs
FxWirePro: GBP/USD rises as weak U.S. jobs data pressures dollar
FxWirePro : EUR/NZD holding below 38.2% fibo ahead of US data
Bitcoin Reclaims $65,000 as Easing Geopolitical Tensions Fuel Risk-On Rally
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/AUD eases slightly, focus on near-term support
FxWirePro : USD/CAD falls as strong Canadian jobs data lifts loonie 



