Gold has slipped lower on Wednesday as investors remained cautious ahead of Federal Reserve's first policy statement of the year which is expected to throw some light on further US rate hike.
- Currently the yellow metal has retreated after finding resistance at 1122 levels, it is set to decline further towards downwards as the resistance formed at 1122 is set to hold the bulls from advancing further.
- To the upside, strong resistance can be seen 1128, a break above this level would expose the commodity towards 1132 levels.
- To the downside immediate support can be seen at 1114, a break below at this level will open the door towards 1105 levels.
Recommendation: Go short around 1118, targets around 1105/1098, SL 1128
Support levels: S1-1114, S2-1105, S3-1098
Resistance levels: R1-1122, R2-1128, R3-1140


Peace Dividend Powers NZDJPY Past 93.50 — Bulls Set Sights on 96.15 Target
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro: USD/JPY gains above 160 level ahead of BOJ policy meeting
Sell the Bounce: NZDJPY Bearish Bias Persists Below 94.20, Eyes 90.50
FxWirePro: GBP/NZD stuck in range but outlook is bullish
Relief Rally Extends to 112.75, but AUDJPY EMA Structure Favors Selling
FxWirePro: USD/ZAR edges higher, set to stay on back foot
Geopolitical Easing Fuels AUDJPY Rally Toward 115 — Buy Dips at 113
BTC’s Bear Bounce: Sell the Rally Near $66K as Bears Target $59K–$52K Breakdown
FxWirePro: EUR/AUD loses upside momentum but outlook is bullish
FxWirePro- Woodies pivot (Major)
Ethereum Cracks Under $1,700: Sell the Rally Near $1,750 as Bears Eye $1,380–$1,200 



