Gold is trading at $1791.13, 0.09% up since previous close. The precious metals recovered on Monday against the steady USD as profit-booking phase looms since last trading sessions.  Last week, the strong US Dollar index after Fed Chairman Jerome Powell hinted for more aggressive rate hikes chances in the coming months led selling pressure in commodities. Besides this, the suspicious over easing down Coivd-19 restrictions in China further remained significant for Gold prices. The result of U.S Housing data will remain in focus for the day. As seen in the chart, the commodity is hovering near major Fibo level of 38.2 & also, near MA (100) acts as a resistance level. Buying on lower side may be seen for the day.

US30 is trading at 32817.8, 0.02% down since previous close. The sell-off continued to be seen in U.S markets as recession fear looms the market amid chances of higher rate hikes in the near future; as hinted by FOMC Chair Jerome Powell. The U.S NAHB Housing Market Index fell to 31 from 33 in the previous month. Globally, the mixed situation in China over uplifting the Covid-19 restrictions further created panic amongst the traders & investors. The outcome of U.S Building permits & Housing Starts data will be closely monitored for the day. As seen in the chart, the index is hovering near major resistance & is on the verge of crossing over the same. If breached with heavy trading volume, a strong breakout can be observed further otherwise slight reversal may be seen.

USD/CAD is trading at 1.36410, 0.03% up since previous day close. The Canadian Dollar moved slightly on higher side against the USD amid mixed global sentiments. Also, the rise in Oil prices on account of revival of consumption demand from China led commodity-backed currency like CAD to trade positively. The weaker than expected IPPI & RMPI figures dragged down the pair USD/CAD. The market will be looking forward to the result of Core Retail Sales data today. Earlier, the pair weakened as recession fear looms & chances of higher rate hikes in the coming months. As seen in the chart, the pair is trading near Fibo level 61.8 which acts as major resistance level & reversal seems to be observed. The cautious trading may be recommended for the day in USD/CAD.