Gold strongly claimed higher breaking the psychological barrier of 1100 levels for the first time in 9-weeks on Thursday after dollar weakened and the market volatility increased as the worries about the Chinese economy hit global stocks.
- 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 1097 levels as the support level located at 1094 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 1106, a break above this level would expose the commodity towards 1111 levels.
- To the downside strong support can be seen at 1094, a break below at this level will open the door towards1083levels.
Recommendation: Go long around 1100, targets around 1110/1115, SL 1094
Support levels: S1-1094, S2-1083, S3-1072
Resistance levels: R1-1106, R2-1111, R3-1119


Bitcoin Recovers Amid Easing Geopolitics: Bulls Target USD 80,000 Support Rebound
AUDJPY Pullback Intensifies: Resistance at 110.00 Signals Short Opportunity
FxWirePro- Woodies Pivot(Major)
Dollar Resurgence Propels USDCHF Above 0.8000: Technicals Signal Continued Bullish Momentum Toward 0.8150
FxWirePro: USD/JPY neutral in the near-term, scope for downward resumption
FxWirePro: AUD/USD gains some ground but remains sensitive to Middle East tensions
FxWirePro: GBP/USD gains some upside momentum but still bearish
Bitcoin on Edge: Geopolitical Tensions Weigh on BTC as Bulls Eye the USD 64,000 "Buy the Dip" Zone
Sterling’s Six-Week Streak Snaps: GBPJPY Slumps Toward 210.00 as Bearish Momentum Intensifies
Euro Bulls Retreat: EURUSD Faces Resistance at 1.1500 as Technical Indicators Signal Further Downside
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro: EUR/ NZD loses momentum but outlook is bullish
FxWirePro- Major European Indices
Yen Resurgence Drives GBPJPY to 2.5-Week Low: Sellers Aim for 208.00 



