Gold has retreated after finding resistance at 1262 levels to trade around 1235 levels, erasing some earlier gains made in the previous European session.
- However, downside is set to be limited as the commodity finds strong support at 1218 levels as a result a strong rebound can be expected sooner or later.
- The commodity is poised to breach the resistance level located at 1081 and advance further towards upside as the dollar is weaker across the board against yellow metal.
- To the upside, the strong resistance can be seen 1263, a break above this level would expose the commodity towards 1272 levels.
- To the downside immediate support can be seen at 1231, a break below at this level will open the door towards1218 levels.
Recommendation: Go long around 1219, targets around 1247/1272, SL 1206
Support levels: S1-1231, S2-1218, S3-1206
Resistance levels: R1-1247, R2-1263, R3-1272


NZDJPY Bullish Consolidation: Buy Dips Near 93 with Targets at 95 as All EMAs Align Strongly Bullish
Nikkei Blasts Past 67K: AI Chip Frenzy Ignites 9% Surge From Yen Intervention Bottom
FxWirePro: USD/ZAR edges higher after weak SA jobs and manufacturing data
FxWirePro: GBP/AUD risks tilt further to the downside
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies pivot (Major)
FxWirePro: AUD/USD in holding pattern as market await fresh catalyst
FxWirePro- Major Crypto levels and bias summary
FxWirePro:NZD/USD drifts lower, could be on verge of bigger drop
FxWirePro: USD/CAD hits two-month low as oil prices rise
FxWirePro: EUR/AUD dips as Aussie gains after RBA decision
FxWirePro: EUR/AUD bears maintain upper hand
Major Crypto Pair Crypto Score: BNBUSD Extremely Bullish at 100, Dominating as XRPUSD Turn Deeply Bearish
NZDJPY Bullish at 365-EMA Support: Buy Dips Toward 95 Target
Major Pair Currency Score: GBPUSD and AUDUSD Extremely Bullish at 100, USDCAD Extremely Bearish at -100 – Key Major Levels to Watch
Major Pair Currency Score: GBPUSD and AUDUSD Extremely Bullish, NZDUSD Bullish
FxWirePro: USD/CNY hovers near 3-1/2-year low ahead of U.S. data 



