- Since the beginning of the year, Gold is constantly adding strength against US dollar and currently well supported above $1150 levels.
- The yellow metal advanced 1.25% on Thursday, hitting the highest level since end of October 2015.
- Moreover, global equity markets are also facing downward pressure from low oil prices and China's economic slowdown.
- Intraday bias remains bullish as long as major support $1152 holds.
- In addition, 10, 25 and 50DMA are also supporting the bullish trend.
- On the top side, major resistance levels are seen at $1159, $1168 and $1191 thereafter.
- Alternatively, reversal from this level may drag the parity below $1130 handle.
- A big event for the day is NFP job result. The US economy is forecast to have added around 189,000 jobs last month, almost half the 292,000 jobs reportedly added in December.
We prefer to take long position in XAU/USD around $1150, stop loss $1139 and target $1191.


FxWirePro: USD/ZAR outlook weaker on renewed downside pressure
NZDJPY Eyes Higher Ground: Buy the Dips as Bulls Defend 88.70 Support
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CAD downside pressure builds, key support level in focus
FxWirePro: GBP/AUD positions for another drop, eyes 2.0100 level
GBPJPY Bulls on Guard: Buy the Dip at 206 as Support Holds Firm – Target 208 in Sight
FxWirePro- Major Pair levels and bias summary
FxWirePro: NZD/USD sustains gains as uptrend remains strong
FxWirePro: USD/CAD extends drop, faces 50%fib support
FxWirePro: USD/JPY dips below lower range, bearish bias increases
FxWirePro: AUD/USD consolidates gains ,remains on positive footing
FxWirePro: GBP/AUD gains some upside momentum, but bearish outlook remains
FxWirePro- Major European Indices
FxWirePro: GBP/USD hits 5-week,scope for further upside
FxWirePro: USD/JPY neutral in the near-term, scope for downward resumption
FxWirePro: EUR/AUD poised for further downside after key fibo break 



