The yellow metal has surged strongly towards 1091 levels , as persistence concerns over Chinese economy and geopolitical tensions in the Middle East has increased the demand for the yellow metal for the third straight session.
- The commodity is poised to trade in higher range in the coming sessions as the demand for yellow metal is set to continue.
- Any downside is expected to be limited around 1086 levels as the support level located at 1084 is likely to hold the bears from falling further below and bring a rebound back towards higher levels.
- To the upside, the strong resistance can be seen 1091, a break above this level would expose the commodity towards 1099 levels.
- To the downside strong support can be seen at 1084, a break below at this level will open the door towards 1079 levels.
Recommendation: Go long around 1087, targets around 1096/1099, SL 1084
Support levels: S1-1084, S2-1079, S3-1072
Resistance levels: R1-1091, R2-1099, R3-1106


FxWirePro: EUR/NZD uptrend looks tired, but continues to hold
FxWirePro- Woodies Pivot
FxWirePro: USD/ZAR advances as strong dollar and higher oil prices pressure rand
FxWirePro: USD/JPY uptrend loses steam, remains on bullish path
FxWirePro: EUR/AUD gains some ground but outlook is bearish
FxWirePro: USD/ZAR holds above 16.600, maintains bullish bias
NZD/JPY Facing EMA Resistance Below 90: Is a Bearish Continuation Underway?
FxWirePro: NZD/USD bearish bias intact, eyes 0.5500 level
FxWirePro: EUR/AUD gains some ground but outlook is bearish
Major Pair Currency Score & Key Levels to Watch: GBPUSD Extremely Bearish; EURUSD, NZDUSD and AUDUSD Bearish; USDCAD and USDCHF Bullish
FxWirePro: EUR/NZD recovers from early dip, upside pressure builds
FxWirePro- Woodies Pivot
FxWirePro: GBP/USD slips as dollar strengthens ahead of Fed minutes
FxWirePro: AUD/USD edges lower as risk sentiment deteriorates
AUD/JPY Pares Gains Below 55 EMA: Is a Bearish Retreat Toward 108.00 Underway?
French Fiscal Crisis Triggers Euro Selloff: EUR/USD Slips Toward 1.1100 as OAT-Bund Yield Spread Widens
FxWirePro: GBP/AUD steadies above 1.9000, retains bid tone 



