The yellow metal initially inched higher in the early asian sessions, but rebound in the dollar and equity markets limited the upside for the metal, after data showed economic growth in china's weakened spurring investors towards riskier assets.
- Gold is likely to come under pressure as the dollar is set to strengthen across the board due to speculation surrounding further US interest rate hike.
- Currently the commodity broken has support at 1088 and is moving downwards to test next support level located at 1081.
- To the upside, the strong resistance can be seen 1094, a break above this level would expose the commodity towards 1098 levels.
- To the downside immediate support can be seen at 1081, a break below at this level will open the door towards 1076 levels.
Recommendation: Go short around 1087 with targets 1080/1076, SL 1098
Support levels: S1-1081, S2-1076, S3-1071
Resistance levels: R1-1088, R2-1094, R3-1098


Sterling Slump Sends GBPJPY Toward 212.60 — Bearish EMA Stack Eyes 210
FxWirePro: USD/CAD hits 14-month high , Scope for further upside
FxWirePro: GBP/AUD steadies around 0.9145 ,retains bid tone
FxWirePro- Woodies pivot (Major)
FxWirePro: AUD/USD drifts lower, uninspired by jobs beat
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
EURJPY Bounce Loses Steam Below 184 — Sell-the-Rally Setup Eyes 183 Target
FxWirePro: GBP/NZD gaining momentum for a move towards 2.3350level
FxWirePro: EUR/AUD bullish outlook with scope to target 1.6500
AUDJPY Bears Take a Breather at 111.50, But ‘Sell on Rallies’ Still Eyes 110
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/JPY edges higher as the yen remains vulnerable despite repeated warnings of intervention.
Bitcoin Sheds $491M in ETF Outflows and Retreats Below $64K; Sellers Reload for $50K
NZDJPY Bears Reload as 92 Resistance Caps Bounce; Sell-on-Rallies Eyed Toward 90
FxWirePro: AUD/USD eases after Australian mixed CPI data 



