Gold has declined nearly $9 after the release of Fed policy. The central bank lowers its rates by 25 bps as expected and removed the word "act as appropriate" from the statement. The FOMC members voted 8-2 unanimously for cut expect Esther George and Eric Rosengren. The Fed was optimistic about the economy and said that the labor market is strong, the unemployment rate remained low.
US 10-year has shown a nice recovery of more than 1% to 1.2% and is currently trading at around 1.823%. The spread between US -10 and 2-year has narrowed by 4 bps.
Technically, near term support is around $1480, any violation below will drag the yellow metal down till $1473/$1458. Major weakness only below $1458.
The near-term resistance is around $1515-17, a convincing break above will take the yellow metal to the next level $1525/$1540. Any bullish continuation only beyond $1555.
It is good to sell on rallies around $1485-86 with SL around $1495 for the TP of $1458.


Bitcoin Battles Volatility: Institutional Support Eyes USD 64,000 Floor Amid Geopolitical Tensions
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/USD outlook weaker on renewed downside pressure
FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/ NZD steadies around 2.0150, retains bid tone
FxWirePro- Major Pair levels and bias summary
NZDJPY Bears Take Control: New Zealand Dollar Retreats as 92 Resistance Holds Firm
Euro Retreats as Geopolitical Tensions Surge: EURUSD Eyes 1.1400 Floor Amid Safe-Haven Demand
FxWirePro: USD/ZAR sustains gains as uptrend remains strong
FxWirePro- Major Pair levels and bias summary
Ethereum Retreats Toward USD 2,000: Technicals Signal Caution as ETH Mimics Bitcoin’s Pullback
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook
FxWirePro: USD/ZAR fibo rejection triggers sizeable pullback
Aussie Retreats Against the Yen: AUDJPY Bears Target 108 as 110 Resistance Holds Firm
FxWirePro: USD/JPY firms as Trump's address on Gulf war spark fresh concerns 



