- Harmonic Pattern formed - Bearish Cypher pattern
- Potential Reversal Zone (PRZ) - $1100
- The commodity has recovered from the low of $1046 till $1088 level. Overall trend is still weak as long as resistance $1100 holds.
- Gold recovered on Friday after Fed Chairman Jannet Yellen said weaker growth around the globe and divergence in monetary policy of various countries will keep the US fed from raising rates quickly. It has started to retreat from the three week high.
- On the lower side major support is around $1060 and break below targets $1050/$1040. Any break below $1040 will drag the commodity to new level $1000.
- The minor resistance is around $1075 and break above targets $1081/1090.
It is good to sell on rallies around $1075-1080 with SL around $1100 for the TP of $1041/$1000.


Yield Surge Sinks EUR/USD: Technicals Point to Sell-on-Rallies Near 1.1320
Major pair currency score: EURUSD, NZDUSD, AUDUSD extremely bearish, USDCAD, USDCHF bullish
JPY major currency score with the bearish pairs NZDJPY, GBPJPY, AUDJPY, EURJPY, CHFJPY, CADJPY
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD cedes early gains, outlook bearish
FxWirePro: USD/CAD sustains gains as uptrend remains strong
FxWirePro: NZD/USD dips below lower range, bearish bias increases
FxWirePro: GBP/NZD extends gains, eyes 2.3600 level
FxWirePro: EUR/NZD eases slightly but outlook is bullish
FxWirePro: USD/ZAR dips as rand firms on stronger economic data
NZD/JPY Technical Analysis: Sell-on-Rallies Strategy Eyed Below 90.80 Resistance
FxWirePro: GBP/NZD sustains gains as uptrend remains strong
FxWirePro- Woodies Pivot
FxWirePro-USD/CHF Technical Outlook: Buying the Dips Near 0.8320 as Dollar Rally Extends
FxWirePro: GBP/USD hits three month low, scope for further downside
FxWirePro: AUD/USD trades flat, retains downside bias
FxWirePro: GBP/AUD loses momentum but outlook is bullish 



