FxWirePro: Gold trades highly volatile ahead of G20 meeting, good to stay neutral 

Gold has lost nearly $10 after a jump of $25 from low of $1398.The yellow metal is trading highly volatile on account of Trump and Xi Jinping meeting in the G20 summit. It is one of the best-performing assets in this month and jumped more than 13% due to global uncertainty.

US dollar index is consolidating after a minor jump of 50 pips. Any break above 96.45 (200- day MA) confirms minor bullishness.

US 10 year yield is trading in a narrow range between 1.97% and 2.069%  for the past 1-week. The near term resistance is around 2.09% (20- day MA).

Technically, near term resistance is around $1440 and any break above that level targets $1460/$1480. The minor resistance is around $1415/$1425.

On the flip side, near term support is around $1398 (38.2% fib of $1319 and $1411.70) and any break below confirms minor weakness and a dip till $1392/$1382/$1365 is possible.

It is good to sell on rallies around $1415-17 with SL around $1427 for the TP of $1382/$1365.