FxWirePro: Gold Weekly Outlook
Gold is consolidating between a narrow range between $1497 to $1484.78 for the past 3 trading days. The yellow metal is struggling to trade above $1500 on account of a slight easing of US-China trade talks and Brexit deal optimism. But uncertainty still prevails in a trade deal and Brexit is supporting prices at lower levels. The weak US economic data is increasing the chance of a further rate cut by the Fed. It hits an intraday high of $1493.43 and is currently trading around $1490.85.
According to the CME Fed Watch, the probability of rate cut increased to 89.3% from 72.7% a week ago. Markets eye ECB monetary policy on Thursday for further direction.
On the flip side, near term support is around $1472 and any violation below targets $1458. Major trend reversal only below $1458.
The near-term resistance is around $1500 and any convincing break above will take the yellow metal till $1512-15/1525. Any bullish continuation only above $1555.
It is good to sell on rallies around $1495-96 with SL around $1501 for the TP of $1460.


FxWirePro: USD/ZAR gains as stronger dollar outweighs upbeat South Africa's trade surplus
NZDJPY Retreats on Yen Strength – Bearish Setup Targets 90 After Hitting 92.75 Low
FxWirePro: GBP/USD rises as soft US data pressures dollar
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
AUDJPY Volatile After Massive Sell-Off: Sell Rallies at 113, Targeting 110 as Bearish Momentum Surges
FxWirePro: USD/CNY dips to hit three year low,scope for further downside
FxWirePro: GBP/AUD drifts lower after BOE rate decision
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
FxWirePro- Major Pair levels and bias summary
NZDJPY Bullish Rebound: Buy Dips as EMAs Align for 97 Target
FxWirePro: NZD/USD consolidates overnight gains, but loses momentum
FxWirePro: USD/CAD retreats after Canada posts stronger-than-expected GDP growth
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD bears maintain upper hand 



