The yellow metal initially inched higher in the early asian sessions, but rebound in the dollar and equity markets limited the upside for the metal, after data showed economic growth in china's weakened spurring investors towards riskier assets.
- Gold is likely to come under pressure as the dollar is set to strengthen across the board due to speculation surrounding further US interest rate hike.
- Currently the commodity broken has support at 1088 and is moving downwards to test next support level located at 1081.
- To the upside, the strong resistance can be seen 1094, a break above this level would expose the commodity towards 1098 levels.
- To the downside immediate support can be seen at 1081, a break below at this level will open the door towards 1076 levels.
Recommendation: Go short around 1087 with targets 1080/1076, SL 1098
Support levels: S1-1081, S2-1076, S3-1071
Resistance levels: R1-1088, R2-1094, R3-1098


FxWirePro: GBP/NZD downtrend slows, but bearish sentiment remains
FxWirePro: EUR/AUD bears maintain upper hand
FxWirePro:EUR/NZD dips below lower range, bearish bias increases
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD gains some upside momentum but still bearish
AUDJPY Extremely Bullish Above 113: Strong AUD Fuels Fresh Rally – Buy Dips at 113 Targeting 115
FxWirePro: EUR/AUD outlook weaker on renewed downside pressure
FxWirePro: USD/CAD falls after BoC rate hold and weak U.S. producer inflation
GBPUSD, AUDUSD & NZDUSD Turn Extremely Bullish: Strong Positive Momentum Drives Major Pair Action Bias
EUR/USD Holds Bullish Tone Despite Pullback from Yesterday’s High
FxWirePro: GBP/AUD loses momentum but outlook is bullish
FxWirePro :USD/JPY bulls loosen their grip a bit, dips to be bought
Crypto Major Pair Action Bias: ETHUSD Bullish as BTCUSD, SOLUSD & XRPUSD Stay Neutral 



