Gold recovered sharply and jumped more than $10 after ECB monetary policy. The central bank cuts deposit rates by 10 bps to -0.50 bps and announced QE of 20 billion euros, with effective from Nov 1. It has introduced a rate tiering system and a change in guidance. US CPI data came at 1.7% vs 1.8% y/y forecast and weekly initial jobless at 204K vs estimate 205K. The yellow metal hits an intraday high of $1524 and is currently trading around $1518.
On the flips side, major weakness can be seen below $1480 and any break below confirms bearish continuation, a dip till $1460/$1442.
The near term resistance is around $1528 and any convincing break above targets $1540/$1555.
It is good to buy on dips around $1510-12 with SL around $1500 for the TP of $1540.


FxWirePro: GBP/AUD bears maintain upper hand
NZDJPY Bullish Rebound: Buy Dips as EMAs Align for 97 Target
Major FX Action Bias & US Market Sentiment: NZD/USD (Extremely Bullish) & AUD/USD (Bullish) Watchlist
NZDJPY Retreats on Yen Strength – Bearish Setup Targets 90 After Hitting 92.75 Low
FxWirePro- Major Pair levels and bias summary
JPY Currency Meter Signals: NZDJPY Bullish (+25) vs CHFJPY (-100) – These Pairs Could Move Next
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
FxWirePro- Major Pair levels and bias summary
FxWirePro: AUD/USD gains some ground but outlook is bearish
AUDJPY Volatile After Massive Sell-Off: Sell Rallies at 113, Targeting 110 as Bearish Momentum Surges
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Crypto levels and bias summary
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
Major European Indices Score Extremely Bullish: DAX Eyes 26000, CAC Targets 8600, FTSE100 at 11000 – Key Levels to Watch
FxWirePro: USD/CNY dips to hit three year low,scope for further downside 



