Gold: Key levels to watch (US Session) 

Gold is consolidating in the narrow range after hitting a 6-year high $1440. The yellow metal has more than $40 on account of easing trade tension and a slight jump in the US 10 year yield. It is the best performing asset in this month and shown a jump of more than 13%. The comments from President Trump and US Treasury Secretary have increased hopes of the trade deal between the US and China is putting pressure on Safe-haven assets. Markets eye US Trump and Xi Jinping meeting in the G20 for further direction. Any deal between the US and China will drag the yellow metal down sharply. 
 

Major support to be watched -$1398 and any minor weakness only below that level. Any break below that level targets $1392/$1382 (Jun 21st 2019 low).

Resistance -The yellow metal is facing strong resistance around $1440 and any break above targets $1450/$1465. The minor resistance is around $1415/$1425.

Additional Levels

$1365- 61.8% fib (61.8% fib $1319 and $1440 and resistance turned into support)

$1347 Low made after Fed policy 

$1339- Jun 18th low
 
$1332 - Jun 17th low 

$1320 Jun 11th low