FxWirePro: NZD/USD edges lower, remains on back foot 
FxWirePro: GBP/AUD falls after BoE rate hold 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: USD/ZAR edges higher as rand weakens ahead of South Africa inflation data 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: USD/CAD loses upside momentum but outlook is bullish 
EURJPY Recovers Over 150 Pips Post-BOJ Hike, Bullish Trend Strengthens 
FxWirePro- Woodies Pivot (Major) 
FxWirePro: GBP/USD falls after BoE holds rates and warns of further hikes 
EUR/USD Dips Below 1.1500 Amidst Divergent Central Bank Policies and USD Strength 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: USD/ZAR slips as rand benefits from steady commodity prices 
FxWirePro: GBP/NZD uptrend loses steam, remains on bullish path 
FxWirePro: GBP/USD gains some traction after UK retail sales beat expectation 
Major Currency Scores: USD/CAD Signals Extremely Bullish Momentum at +90 
NZDJPY Surges Past 90 Amidst BOJ Rate Hike Uncertainty 
Add as a preferred source on Google
Gold lost nearly $200 from it all-time high on trade war concerns. It hits an low of $2956 and is currently trading around $2998.
According to the CME Fed Watch tool, the chances of a 25 bpbs rate cut on the June 18th, 2025 meeting have increased to 67.6% from 62.30% a week ago.
Technical Analysis: Key Levels and Trading Strategy
Gold prices are holding below short-term moving averages 34 EMA and 55 EMA and long-term moving averages (200 EMA) in the 4-hour chart. Immediate support is at $2970 and a break below this level will drag the yellow metal to $2956/$2920/$2900/$2880. The near-term resistance is at $3020 with potential price targets at$3050/ $3070/$3100/$3167/$3200/$3255.
It is good to sell on rallies around $3058-60 with a stop-loss at $3100 for a target price of $2835.
