- Harmonic Pattern Formed – Bearish Bat Pattern
- Potential Reversal Zone (PRZ) - $1240
- The yellow metal has recovered till $1236.60 after making a low of $1214.84. Gold struggles to trade above $1240 and selling pressure at higher levels dragged the yellow metal down till $1224 at the time of writing. It is currently trading around $1225.
- Short term trend is slightly weak as long as resistance $1240 holds.
- On the lower side any break below $1225 will drag the pair down till $1215/$1208 level.
- Overall bullish invalidation only below $1200.
It is good to sell on rallies around $1230-32 with SL around $1240 for the TP of $1215/$1208


FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/ZAR edges higher after weak SA jobs and manufacturing data
FxWirePro: AUD/USD range bound ahead of RBA policy decision
FxWirePro- Major Pair levels and bias summary
GBPJPY Consolidates Above 215 on Bullish Momentum: Buy Dips Toward 217
FxWirePro: GBP/USD gains above 1.3500 ahead of key U.S. and UK data
NZDJPY Bullish at 365-EMA Support: Buy Dips Toward 95 Target
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/USD trades sideways as markets await U.S. inflation and UK GDP data
FxWirePro: USD/CNY hovers near 3-1/2-year low ahead of U.S. data
FxWirePro:EUR/NZD gains slightly as ranges remain tight ahead U.S. inflation report
FxWirePro: USD/CAD hits two-month low as oil prices rise
FxWirePro: EUR/NZD neutral in the near-term, scope for downward resumption
FxWirePro: GBP/AUD edges higher but bulls lack punch
FxWirePro: GBP/NZD gains some upside momentum, but outlook is bearish
FxWirePro:' USD/CAD faces downside risk below 1.4000 



