- Gold erased its previous gains on the back of improvements in the global economic sentiments.
- Last week pair hit the fresh monthly high at $1263 level and returned back below $1200 mark.
- A daily close below $1188 level will confirm the bearish bias again.
- Alternatively, reversal from key support will take the parity back above $1250 marks.
- 10, 25 and 50days EMA still confirms the bullish bias but on the other side RSI signals the short term trend reversal.
- Initial support levels are seen at $1190, $1187 and $1182 thereafter.
- Key resistance levels are seen at $1198, $1202 and $1208 levels.
- Positioning is inconclusive at this point but still bullish hopes alive.
Trading Call:
Long XAU/USD at $1195, stop loss $1187 and target $1208.


FxWirePro: AUD/USD rallies as traders scale back Fed rate hike bets
Gold Surges Above $4100 on Weak US Jobs Data; Bullish Momentum Builds
FxWirePro USD/JPY dips as Yen gains after Japan reaffirms FX intervention readiness
FxWirePro: USD/CAD steadies around 1.4220 ,retains bid one
FxWirePro USD/JPY eases slightly ahead Of US June jobs report
FxWirePro: USD/CAD slips on softer US payrolls but near-term direction hinges on 1.4154 support
FxWirePro: GBP/AUD gaining momentum for a move towards 1.9350 level
FxWirePro: USD/CNY extends drop, faces 23.6%fib support
FxWirePro: GBP/USD gains some ground but outlook still bearish
FxWirePro: USD/CNY bears maintain upper hand
FxWirePro: GBP/NZD sustains gains as uptrend remains strong
FxWirePro: EUR/AUD bull’s hold the higher ground, remains on bullish path
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/ZAR slips as weak U.S. Jobs data weighs on dollar
FxWirePro- Major Crypto levels and bias summary
NZDJPY Pullback: Bearish Trend Favors Sellers Below 92.50 Resistance 



