Gold was trading weak for 4th consecutive week and lost nearly $40 from high of $1310. The decline in yellow metal mainly due to strong dollar and easing US –China trade tensions. US dollar index recovered sharply and jumped more than 70 pips from low of 96.79. The yellow meal hits low of $1271 and is currently trading around $1277.
US10 yield jumped more than 11% from 14 month low and hits high of 2.616%. It is currently trading around 2.562%.
On the lower side, near term major support is around $1272 (55- W EMA) and any break below will take the yellow metal down till $1260 (300- W EMA)/$1243.
The near term resistance is around $1281 (23.6% fib) and any violation above will take the gold till $1285/$1292. Any convincing break above $1292 confirms minor bullishness and a jump till $1296/$1300 possible.
It is good to sell on rallies around $1283-84 with SL $1292 for the TP of $1261.


AUD/JPY Slips Below 112 as BOJ Intervention Sparks Bearish Momentum: Sell the Rallies
FxWirePro: NZD/USD consolidates overnight gains, but loses momentum
JPY Currency Meter Signals: NZDJPY Bullish (+25) vs CHFJPY (-100) – These Pairs Could Move Next
FxWirePro: USD/CNY dips to hit three year low,scope for further downside
FxWirePro:USD/JPY climbs back above 160.00 after BOJ rate decision
FxWirePro- Major Crypto levels and bias summary
NZDJPY Bullish Rebound: Buy Dips as EMAs Align for 97 Target
AUDJPY Volatile After Massive Sell-Off: Sell Rallies at 113, Targeting 110 as Bearish Momentum Surges
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
FxWirePro: GBP/USD rises as soft US data pressures dollar
FxWirePro- Major Pair levels and bias summary
Nikkei Surges Past 65,000 on Suspected Yen Weakness: Tech Giants Like Advantest and NEC Lead Explosive Gains
FxWirePro: GBP/AUD bears maintain upper hand
FxWirePro: USD/CAD retreats after Canada posts stronger-than-expected GDP growth
Major European Indices Score Extremely Bullish: DAX Eyes 26000, CAC Targets 8600, FTSE100 at 11000 – Key Levels to Watch 



