Gold has halted its 6 days of winning streak on account of profit booking. The yellow metal hits high of $1346.80 and lost nearly $10 from the high. It hits low of $1336.95 and is currently around $1338.82.
In the daily chart momentum indicator RSI is around 74.60 overbought zone and showing bearish divergence.
On the lower side, near term support is around $1336 (23.6% fib) and any violation below targets $1330/$1320. It should break below $1300 for further weakness.
The yellow metal is facing near term resistance around $1350 and break above will take the gold to next level till $1360/$1365.The yellow metal should break above $1365 for further bullishness.
It is good to sell on rallies around $1343-44 with SL around $1350 for the TP of $1330.


FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support
FxWirePro: GBP/USD rises as soft US data pressures dollar
FxWirePro: GBP/AUD bears maintain upper hand
FxWirePro- Woodies pivot (Major)
FxWirePro: AUD/USD gains some ground but outlook is bearish
FxWirePro: USD/JPY dips as market assess risk of additional FX intervention.
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
AUD/JPY Slips Below 112 as BOJ Intervention Sparks Bearish Momentum: Sell the Rallies
Major FX Action Bias & US Market Sentiment: NZD/USD (Extremely Bullish) & AUD/USD (Bullish) Watchlist
FxWirePro- Woodies pivot (Major)
Major European Indices Score Extremely Bullish: DAX Eyes 26000, CAC Targets 8600, FTSE100 at 11000 – Key Levels to Watch
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
FxWirePro: USD/CAD retreats after Canada posts stronger-than-expected GDP growth
FxWirePro: USD/CNY dips to hit three year low,scope for further downside
FxWirePro: NZD/USD consolidates overnight gains, but loses momentum
FxWirePro: USD/ZAR gains as stronger dollar outweighs upbeat South Africa's trade surplus 



