Gold has rebounded after finding support at 1080 levels to trade around 1087 levels, erasing some earlier losses suffered in the previous European session. However, upside is set to be limited as the commodity finds strong resistance at 1090 levels as a result further fall towards downside can be expected sooner or latter.
- The commodity is poised to breach the support level located at 1081 and fall further towards downside as the dollar is stronger across the board and further U.S interest rate hike expectations is set to put more pressure on the yellow metal .
- To the upside, the strong resistance can be seen 1092, a break above this level would expose the commodity towards 1099 levels.
- To the downside immediate support can be seen at 1080, a break below at this level will open the door towards 1074 levels.
Recommendation: Go short around 1092, targets around 1080/1075, SL 1100
Support levels: S1-1080, S2-1074, S3-1067
Resistance levels: R1-1092, R2-1099, R3-1103


FxWirePro: GBP/NZD edges higher but bearish outlook persists
FxWirePro: USD/CAD extends drop, faces 50%fib support
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/CAD downside pressure builds, key support level in focus
FxWirePro: AUD/USD firms as Australian household spending records sharp jump
FxWirePro: USD/ CNY gains some upside momentum but still bearish
FxWirePro: GBP/USD hits 5-week,scope for further upside
FxWirePro: USD/JPY neutral in the near-term, scope for downward resumption
NZDJPY Eyes Higher Ground: Buy the Dips as Bulls Defend 88.70 Support
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR outlook weaker on renewed downside pressure
FxWirePro- Major US Indices
FxWirePro: EUR/NZD neutral in the near-term, scope for downward resumption
Yen Storm Hits EURJPY: Crashes Below 181 – Sell the Bounce Intraday! Target 179.50 with Tight Stop Above 181.45
GBPJPY Bulls on Guard: Buy the Dip at 206 as Support Holds Firm – Target 208 in Sight 



