FxWirePro- Major European Indices 
AUDJPY Range Play: Hold 102.95 Support, Target 105 on Breakout 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption 
FxWirePro: AUD/USD hovers near three –month high, scope for further upside 
FxWirePro- Woodies Pivot(Major) 
FxWirePro: GBP/NZD gains some upside momentum but still bearish 
Sterling Crushed by Double-Contraction GDP – EURGBP Spikes, Next Stop 0.8850–0.8900 
FxWirePro: GBP/USD dips on UK GDP data miss 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: NZD/USD consolidates around 0 .5810,room for further gains 
FxWirePro: GBP/NZD ticks down after UK GDP data disappoints 
FxWirePro: EUR/AUD moves higher following downbeat Australian jobs report 
UK GDP Flops Again: GBPJPY Drops to 207.22 But Bulls Hold the Line – Buy the Dip to 210? 
Euro Refuses to Die: EUR/JPY Holds 182.50, Eyes 184 Breakout 
Bitcoin Yawns at Fed Cut – Coiled Tight at $92K: $90K Hold = Straight Shot to $100K 
FxWirePro: EUR/CAD gives back chunk of early gains, eyes another drop 
Gold is consolidating in narrow range after hitting 5-month high of $1250. The slight jump in global stock market is putting pressure on yellow metal. It is currently trading around $1245.38.
The major three factors that drive gold prices
US dollar Index: weak. DXY has shown a decline once again after jumping above 97.50 level.US Dollar index’s previous high is around 97.69 and any further bullishness only above that level.It is currently trading around 97.10.(positive for for gold).
USD/JPY: Strong. The pair is consolidating after a 100 pips recovery. It is currently trading around 113.47. The near term resistance is around 113.50 and any break below targets 114/114.25. Slightly negative for gold.
US 10 year yield : US 10 year yield is trading slightly higher and recovered more than 3.5% and currently trading around 2.88%.negative for Gold.
US 2 year yield: It has jumped more than 4% from low of 2.68% and spread between US 10 year and 2 year has decreased sharply to 14bpbs from 30 bpbs. The spread between 5 year and 2- year yield has inverted for the first time since 2007.
Gold technical
Major support $1183
Major resistance - $1243
On the higher side, major resistance is around $1251 and any convincing break above targets $1260/$1265.
The near term support is around $1238-41 (23.6% fib and 200-day MA) and any violation below will drag the commodity down till $1229 (10-day MA)/$1221 (55- day EMA).
It is good to sell on rallies around $1247-48 with SL around $1252 for the TP of $1235/$1230.
