Gold prices recovered some ground in the early European session inching higher from 1073 levels upto 1081. Short-term bounce is expected to be limited as the commodity is likely to find strong resistance around 1085 levels.
- It is set to come under strong bearish pressure in the coming days as the traders expect the FED to raise the interest rate in the next FOMC meetings.
- To the upside, the strong resistance can be seen at 1085, a break above this level would expose the commodity towards 1089 levels.
- To the downside immediate support can be seen at 1078, a break below at this level will open the door towards next level at 1073.
Recommendation: Go short around 1085, targets around 1070/1068, SL 1090
Support levels: S1-1078, S2-1073 S3-1070
Resistance levels: R1-1081, R2-1085, R3-1089


FxWirePro: AUD/USD in holding pattern as market await fresh catalyst
NZDJPY Bullish Consolidation: Buy Dips Near 93 with Targets at 95 as All EMAs Align Strongly Bullish
FxWirePro- Major Pair levels and bias summary
FxWirePro: AUD/USD drifts back to familiar territory post-US CPI
Major Crypto Pair Crypto Score: BNBUSD Extremely Bullish at 100, Dominating as XRPUSD Turn Deeply Bearish
FxWirePro: USD/CAD firms slightly, but downward resumption looks likely
FxWirePro: GBP/NZD gains some upside momentum, but outlook is bearish
FxWirePro: USD/ZAR eyes downside as dollar eases after US CPI data
FxWirePro: NZD/USD slips as geopolitical and domestic political risks weigh
FxWirePro: USD/ZAR edges higher after weak SA jobs and manufacturing data
FxWirePro: GBP/USD trades sideways as markets await U.S. inflation and UK GDP data
JPY Majors Currency Score (15 min): NZDJPY Crashes to Extreme Bearish -100, CHFJPY Turns Sharply Bearish
FxWirePro: USD/CAD hits two-month low as oil prices rise
JPY Majors Alert: NZDJPY Crashes to 92.81 Low as Brutal Bearish Momentum Explodes – Sell Rallies to 91.80
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/AUD bears maintain upper hand
FxWirePro: EUR/AUD dips as Aussie gains after RBA decision 



