FxWirePro- Major Pair levels and bias summary 
FxWirePro- Major Pair levels and bias summary 
FxWirePro- Woodies pivot (Major) 
FxWirePro: GBP/NZD maintains bersish bias with focus on 2.2900 level 
EUR/USD Bounces from Monthly Low, But Bearish Pressure Remains 
Crypto Action Bias: ETHUSD Stands Out as the Bullish Pair to Watch 
EUR/JPY Holds Bullish Bias as Euro Extends Recovery 
Major Pairs Action Bias: USDCAD and USDCHF Stand Out as Extremely Bullish While GBPUSD and NZDUSD Turn Extremely Bearish 
AUDJPY Weakness Deepens: Sell Rallies Toward 112 as Aussie Dollar Falters 
FxWirePro: EUR/NZD up trend gains momentum but hurdles ahead 
FxWirePro: GBP/AUD gains some upside momentum but still bearish 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: GBP/NZD gains some ground but bias is still bearish 
FxWirePro: EUR/ AUD gains some ground , but remains on bearish path 
FxWirePro: USD/CAD gaining momentum for a move towards 1.4200 level 
NZDJPY Pullback: Sell Rallies Toward 93.30 as Yen Weakness Eases 
Significant resistance - $1790
Gold is holding above the $1750 level on the Chinese Evergrande debt crisis. The fears of default have increased demand for safe-haven assets like the gold, yen. Markets expect to remain quiet ahead of US Fed monetary policy. The Central bank to keep rates unchanged as expected. The timeline of Fed bond tapering is to be watched for further direction. DXY consolidates in a narrow range between 93.45 and 93.05 for the past two days. Any breach above 93.75 confirms further bullishness. The yellow metal hits a low of $1781 and is currently trading around $1776.
Factors to watch for gold price action-
Global stock market- Bearish (Positive for gold)
US dollar index – Mixed (neutral for gold)
US10-year bond yield- Mixed (neutral for gold)
Technical:
The immediate resistance is around $1782 and a convincing break above will take the yellow metal $1800/$1810/$1825 if possible. It is facing strong support at $1770 (resistance turned into support), violation below targets $1760/$1750/$1740.
It is good to take position after US Fed monetary policy.
