Major Support- $1280
Gold has broken major support $1280 after a long consolidation for 10 trading day. The decline was mainly due to strong global stock market on account of easing US-China trade war. US bond yield slightly reversed from 14-month low of 2.34%. It hits low of $1278.16 and is currently trading around $1279.85.
The near term resistance is around $1288 (55- H EMA) and any break above will take the yellow metal till $1294/$1300.
On the lower side, any convincing break below $1280 confirms minor weakness, a decline till $1272/$1261 likely.
It is good to sell on rallies around $1281-82 with SL around $1287 for the TP of $1261.


FxWirePro: USD/ZAR gains as stronger dollar outweighs upbeat South Africa's trade surplus
FxWirePro: NZD/USD consolidates overnight gains, but loses momentum
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Pair levels and bias summary
AUD/JPY Slips Below 112 as BOJ Intervention Sparks Bearish Momentum: Sell the Rallies
NZDJPY Retreats on Yen Strength – Bearish Setup Targets 90 After Hitting 92.75 Low
FxWirePro: GBP/AUD drifts lower after BOE rate decision
FxWirePro: AUD/USD gains some ground but outlook is bearish
FxWirePro: USD/CNY dips to hit three year low,scope for further downside
Major FX Action Bias & US Market Sentiment: NZD/USD (Extremely Bullish) & AUD/USD (Bullish) Watchlist
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/USD rises as soft US data pressures dollar
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
JPY Currency Meter Signals: NZDJPY Bullish (+25) vs CHFJPY (-100) – These Pairs Could Move Next 



