FxWirePro: USD/CNY gains some ground but bearish outlook persists 
FxWirePro: USD/ZAR fibo rejection triggers sizeable pullback 
FxWirePro: GBP/NZD range to extend until there is game changing news 
FxWirePro: GBP/USD recovers but bears are not done yet again 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook 
FxWirePro: EUR/ NZD consolidating around 2.0180 room for further gains 
NZDJPY Bears Take Control: New Zealand Dollar Retreats as 92 Resistance Holds Firm 
FxWirePro- Major European Indices 
FxWirePro: EUR/AUD eases slightly but trend is still bullish 
Aussie Retreats Against the Yen: AUDJPY Bears Target 108 as 110 Resistance Holds Firm 
Euro Retreats as Geopolitical Tensions Surge: EURUSD Eyes 1.1400 Floor Amid Safe-Haven Demand 
Pound Under Pressure as Yen Stabilizes: GBPJPY Bears Target 208 as Key EMAs Hold Resistance 
EUR/JPY Bulls Charge: Eyeing 186.00 as Euro Strength Intensifies 
FxWirePro: EUR/ NZD steadies around 2.0150, retains bid tone 
Gold has once again declined sharply on account of upbeat US economic data and rising US stock market on strong earnings.The yellow metal hit low of $1278.95 and is currently trading around $1287.42.
US dollar Index: Bearish. DXY continues to trade higher for 3rd consecutive day and jumped nearly 40 pips from yesterday’s low of 97.44.Minor trend is slightly bullish as long as support 97 holds. It is currently trading around 97.80. (negative for gold).
USD/JPY: weak . USD/JPY has shown a decline once again after a minor jump above 110 level.The near term support is 109 and any violation below will drag the pair to next level till 108.49/108. Positive for gold.
US 10 year yield : US 10 year yield jumped more than 2.5% yesterday after better than expected US economic data.US jobless claims and housing data came better than expected.The yield was trading weak for past one month. Overall it has been trading weak for past four months and lost nearly 28% from high of 3.25%.It is currently trading around 2.387%. Slightly positive for Gold.
US 2 year yield: It is trading around 2.18%. The spread between US 10 year and 2 year has declined to 20bpbs from 30 basis point. The spread between 3 month and 10- year yield inverted (US 10 year yield trading below US 3 month).
Gold technical
On the higher side, near term resistance is around $1290 (55- day EMA) and any convincing break above targets $1296/$1300. The yellow metal should break above $1300 for further bullishness.
The near term support is around $1280 and any break below will drag the commodity down till $1274/$1270. Any bearish continuation only below $1266.
It is good to sell on rallies around $1298-$1300 with SL around $1307 for the TP of $1270.
