Gold is consolidated around 1056 levels, after slipping to its sharpest decline in five months yesterday. The US rate hike sparked dollar demand across the board on Thursday, putting pressure on the yellow metal which bottomed around 1,047 levels.
- Currently the yellow metal is consolidating around 1058 levels, it is set to decline further towards downwards as the resistance at 1065 is set to hold the bulls from advancing further.
- To the upside, the immediate resistance can be seen 1060, a break above this level would expose the commodity towards 1065 levels.
- To the downside immediate support can be seen at 1057, a break below at this level will open the door towards 1052 levels.
Recommendation: Go short around 1062, targets around 1054/1047, SL 1075
Support levels: S1-1057, S2-1052, S3-1046
Resistance levels: R1-1060, R2-1065, R3-1071


UK Economy Accelerates, But GBP/JPY Stays Capped – Sell Toward 206
FxWirePro: GBP/USD recovers slightly from early decline ahead of Bank of England’s interest rate decision
FxWirePro- Major European Indices
USD Loses Shine: Soft Labor Market and Stalling Consumer Spending Drag USDCHF Lower
EUR/USD Surges Past 1.1765 on Dismal US Jobs Data: Bullish Momentum Builds with Eyes on 1.1900
FxWirePro: USD/CAD recovers slightly but trend is still bearish
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/AUD maintains bullish bias with focus on 2.0300 level
FxWirePro: GBP/NZD remains bullish as rally continues
EUR/JPY Bearish Outlook Persists: Ifo Weakness Caps Upside, Sell Rallies Targeting 180 Below 183 Resistance
FxWirePro- Major Pair levels and bias summary
NZDJPY: Bearish Bias Persists — Sell Rallies Near 90 Targeting 88
FxWirePro: NZD/USD sidelined ahead Of key New Zealand GDP and US inflation update
FxWirePro- Major Crypto levels and bias summary
FxWirePro:USD/JPY neutral in the near-term, scope for downward resumption
AUDJPY: Bearish Setup Intact — Sell Rallies Near 103.30 Targeting 100 



