Major resistance- $1217
The major three factors that drive gold prices
US dollar Index: Strong. DXY has taken support near 23.6% fib at 94.31 and jumped almost 60 pips on Trump trade tariff. The index has almost formed a double top around 95.70-75 and any major bullishness only above that level. (Slightly negative for gold).
USD/JPY: Trend slightly Bullish. The pair is trading higher and hits high of 112.16 yesterday .Major near term resistance is around 112.15 and any break above targets 113/113.50. Short term trend is slightly bullish as long as support 109.77 holds . Any daily close below 109.78 confirms bearish continuation and a dip till 109/108 likely. Slightly positive for gold.
US 10 year yield : US 10 year yield gained sharply more than 2%.from Thursdays low of 2.94%. It is currently trading around 2.99%. Any break above 3.0160% confirms further bullishness.
US 2 year yield: It hits 10 year high at 2.78%.The spread between US 10 year and 2 year has reduced to 22bpbs from 35 bpbs.
Gold technical
Major support $1183
Major resistance - $1217
The yellow metal has lost nearly $20 high of $1212.72 and it is currently trading around $1195 The trend is slightly bullish as long as support $1192 holds.
On the higher side, any break above $1214 will take the commodity till $1217/$1224/$1230.
It is good to buy on dips around $1193-94 with SL around $1185 for the TP of $1217/$1224.


Pound Sterling Power: GBP/JPY Secures Third Day of Gains as Global Risk Tensions Recede
FxWirePro:NZD/USD continues to recovers , upside pressure builds
NZD/JPY Rockets as Kiwi Dollar Resilience Defies the Oil Shock
FxWirePro: USD/ JPY slips as yen rallies after Mideast ceasefire declaration
FxWirePro: GBP/USD climbs to 4 -week high as ceasefire deal gives bulls traction
FxWirePro: USD/CNY falls to three-year high, scope for further downside
FxWirePro- Major European Indices
FxWirePro: AUD/USD edged lower as early optimism over U.S.–Iran peace talks fade
FxWirePro: GBP/NZD reverses course, bias back to downside
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/ZAR slips sharply lower as US-Iran ceasefire lifts risk appetite
FxWirePro: EUR/NZD remains under pressure as key support gives way
Bitcoin Breaks the $70,000 Barrier: Bulls Target the $80,000 Horizon as Geopolitical Relief Ignites Crypto Markets
FxWirePro:NZD/USD jumps as RBNZ warns of higher OCR potential
Ethereum Reclaims Higher Ground: Ether Bulls Target $2,700 as Middle East Tensions Thaw
FxWirePro- Major Pair levels and bias summary 



