- 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.


FxWirePro- Major Pair levels and bias summary
GBP/JPY Bounces Off 210 Support: Bullish Bias Intact – Buy Dips Targeting 212
FxWirePro: USD/CNY downside pressure builds, key support level In focus
FxWirePro: USD/CAD trends higher, but faces potential pitfalls
FxWirePro: GBP/AUD neutral in the near-term, scope for downward resumption
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
NZDJPY Outlook: Sell the Rallies as Downtrend Persists Below 91.50
FxWirePro: EUR/NZD steadies above 2.0400, retains bid tone
FxWirePro- Major European Indices
FxWirePro: USD/ZAR remains weak, eyes 23.6%fib support
FxWirePro: EUR/AUD downside pressure builds, key support level in focus
FxWirePro: USD/ZAR remains weak, eyes 23.6%fib support
AUD/JPY Holds Steady with Bullish Undertones: Buy the Dips Targeting 107
FxWirePro: NZD/USD bears regain grip as greenback firms
FxWirePro: USD/JPY holds narrow range,focus on near-term support
FxWirePro: USD/JPY caught in narrow range, bias bearish
FxWirePro: NZD/USD neutral in the near-term, scope for downward resumption 



