- Harmonic Pattern formed - Bearish Cypher pattern
- Potential Reversal Zone (PRZ) - $1100
- The commodity has recovered from the low of $1046 till $1088 level. Overall trend is still weak as long as resistance $1100 holds.
- Gold recovered on Friday after Fed Chairman Jannet Yellen said weaker growth around the globe and divergence in monetary policy of various countries will keep the US fed from raising rates quickly. It has started to retreat from the three week high.
- On the lower side major support is around $1060 and break below targets $1050/$1040. Any break below $1040 will drag the commodity to new level $1000.
- The minor resistance is around $1075 and break above targets $1081/1090.
It is good to sell on rallies around $1075-1080 with SL around $1100 for the TP of $1041/$1000.


FxWirePro: USD/ZAR consolidating around 16.995, room for further gains
NZDJPY in Consolidation: Navigating the 92.00 Range as Bearish Clouds Gather
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major European Indices
BTCUSD Coils in Tight Range: Will Geopolitical Stability Trigger a Breakout Toward $80,000?
FxWirePro: GBP/NZD continues to recovers , upside pressure builds
FxWirePro: GBP/USD drifts lower , could be on verge of bigger drop
FxWirePro: USD/CAD positions for another climb, eyes 1.3900 level
FxWirePro: AUD/USD edges higher but bearish outlook persists
FxWirePro: EUR/AUD consolidating around 1.6650, room for further gains
FxWirePro: EUR/AUD neutral in the near-term, scope for downward resumption
Ethereum’s $2,200 Ceiling: Can Diplomatic Breakthroughs Dissolve the Bearish Resistance?
AUDJPY Stalls in Neutral Ground: Bearish Shadows Loom Over the 111.00 Mark
FxWirePro: USD/ZAR uptrend loses steam, remains on bullish path
FxWirePro: GBP/AUD edges lower, downside risk remains 



