Gold lost its shine on strong US dollar. It hits an low of $3275 at the time of writing and is currently trading around $3273.
Rate Cut Expectations on the Rise
According to the CME Fed Watch tool, the chances of 25 bpbs rate cut in June 18th 2025 meeting have decreased to 60.70% from 61.10% a week ago.
Technical Analysis: Key Levels and Trading Strategy
Gold prices are holding below short term moving average 34 EMA and 55 EMA and above long-term moving averages (200 EMA) in the one hour chart. Immediate support is at $3270 and a break below this level will drag the yellow metal to $3232/$3168/$3100/$3000. The near-term resistance is at $3330 with potential price targets at $$3525/$3560.
It is good to sell on rallies around $3285-86 with a stop-loss at $3305 for a target price of $3230/$3200.


FxWirePro: EUR/NZD edges lower but bullish outlook persists
FxWirePro- Major European Indices
FxWirePro: GBP/NZD remains bullish as rally continues
FxWirePro:USD/JPY neutral in the near-term, scope for downward resumption
Yen Power Play: AUDJPY Crumbles Below 103.70 Resistance
FxWirePro: GBP/NZD firms as RBNZ pushes back on rate hike prospects
UK Economy Accelerates, But GBP/JPY Stays Capped – Sell Toward 206
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/ZAR extends losses as dollar drops after delayed U.S. data
FxWirePro: USD/CAD slides as U.S. dollar weakens after jobs data
FxWirePro: GBP/AUD consolidates around 2.0145, maintains bullish bias
FxWirePro- Major Crypto levels and bias summary
EUR/USD Surges Past 1.1765 on Dismal US Jobs Data: Bullish Momentum Builds with Eyes on 1.1900
FxWirePro- Major Crypto levels and bias summary
FxWirePro: NZD/USD downside pressure builds, key support level in focus
FxWirePro: GBP/AUD maintains bullish bias with focus on 2.0300 level
FxWirePro- Woodies Pivot(Major) 



