Chart pattern- Head and Shoulder pattern
Potential Reversal Zone - $1480
Gold is consolidating between $1556 and $1480 for the past one month. Any major weakness only below $1480 level. The strong US dollar and easing geopolitical tensions are dragging the yellow metal prices. DXY continues to trade higher and jumped more than 100 pips the previous week.
On the flip side, the near term major support is around $1480 and any violation below will drag the yellow metal till $1460/$1440/$1400.
The near term resistance is around $1512 and any break above targets $1525/$1540. Major bullishness only above $1555.
It is good to sell below $1480 with SL around $1500 for the TP of $1440/$1400.


FxWirePro: USD/JPY firms as Trump's address on Gulf war spark fresh concerns
Bitcoin Battles Volatility: Institutional Support Eyes USD 64,000 Floor Amid Geopolitical Tensions
NZDJPY Bears Take Control: New Zealand Dollar Retreats as 92 Resistance Holds Firm
FxWirePro: EUR/ NZD steadies around 2.0150, retains bid tone
FxWirePro: USD/CNY gains some ground but bearish outlook persists
Ethereum Retreats Toward USD 2,000: Technicals Signal Caution as ETH Mimics Bitcoin’s Pullback
FxWirePro: USD/ZAR fibo rejection triggers sizeable pullback
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD range to extend until there is game changing news
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD recovers but bears are not done yet again
Aussie Retreats Against the Yen: AUDJPY Bears Target 108 as 110 Resistance Holds Firm
FxWirePro: EUR/AUD eases slightly but trend is still bullish
FxWirePro- Major European Indices 



