Major resistance- $1217
The major three factors that drive gold prices
US dollar Index: Weak. DXY has once again declined after hitting high of 95.56 .The index has broken one week low of 94.87 and declined till 94.73.Any close below 94.85 (55- day EMA) targets 94.31/94. The index has almost formed a double top around 95.70-75 and any major bullishness only above that support 94.31 holds. (Slightly positive for gold).
USD/JPY: Trend slightly Bullish. The pair hits low of 110.38 and shown a good recovery of more than 100 pips. 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 : It has jumped more than 4% from the Thursday’s low of 2.865 on hopes of further rate hike. It is currently trading around 2.969%. Any break above 3.0160% confirms further bullishness.
US 2 year yield: It hits 10 year high at 2.76%.The spread between US 10 year and 2 year has reduced to 21 bpbs from 35 bpbs.
Gold technical
Major support $1183
Major resistance - $1217
The yellow metal has jumped more than $10 from the low of $1192.76 on weak US dollar. It hits high of $1208 and it is currently trading around $1204.94. 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 $1200-01 with SL around $1190 for the TP of $1217/$1224.


FxWirePro- Major European Indices
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
NZDJPY: Sell the Rallies as Bears Guard 90–91 Resistance Zone
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
EUR/JPY Holds Bullish Bias Post-ECB Pause: Buy Dips Toward 185 as 182 Support Stands Firm
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
FxWirePro: AUD/USD struggle to extend its recovery,good to sell on rally
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD dive post-CPI short-lived as traders prepare for BoE decision
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
AUD/JPY Stalls Ahead of BOJ Decision: Sell on Rallies as Bearish Bias Holds Below 103.70
FxWirePro- Major Pair levels and bias summary 



