The yellow metal has declined marginally lower on Friday as the dollar strengthened across the board, however it has managed to stay around 12 week high. The dollar strengthened across the board mainly due to weak Japanese Yen after Bank of Japan stunned the markets by adopting negative interest rates.
- The commodity is poised to breach the support level located at 1106 and fall further towards downside in the short term.
- To the upside, the strong resistance can be seen at 1120, a break above this level would expose the commodity towards 1128 levels.
- To the downside immediate support can be seen at 1106, a break below at this level will open the door towards 1098 levels.
Recommendation: short around 1015 with targets 1100/1090, SL 1128
Support levels: S1-1106, S2-1098, S3-1088
Resistance levels: R1-1120, R2-1128, R3-1135


FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
FxWirePro: EUR/NZD advances as kiwi weakness after RBNZ's Breman comments
FxWirePro- Woodies Pivot(Major)
FxWirePro: AUD/USD runs out of steam but maintains bullish outlook
FxWirePro: GBP/USD gains as UK manufacturing PMI beats expectations
UK Economy Accelerates, But GBP/JPY Stays Capped – Sell Toward 206
Yen Surge Dims NZDJPY Shine: Bearish Trend Holds Below 91 Resistance
EUR/USD Surges Past 1.1765 on Dismal US Jobs Data: Bullish Momentum Builds with Eyes on 1.1900
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major European Indices
FxWirePro: EUR/NZD edges lower but bullish outlook persists
FxWirePro: USD/ZAR extends losses as dollar drops after delayed U.S. data
FxWirePro: GBP/AUD consolidates around 2.0145, maintains bullish bias
FxWirePro: GBP/NZD firms as RBNZ pushes back on rate hike prospects
FxWirePro: AUD/USD uptrend loses steam, remains on bullish path 



