Major support- $1412-14 (trend line support and 21-day MA)
Gold has shown a minor recovery of more than $15 after a three days continuous selling. The selling was due to profit booking and strength in the US dollar index. The yellow metal was one of the best-performing assets in the past 2 months and has jumped more than $150 from minor bottom $1266 as major central bank's plans for easing interest rates and due to global uncertainty. US dollar index hits 7-week high at 97.78 and a jump till 98.25 likely.
US 10 year yield has formed a temporary top around 2.15% and shown a dip till 2.02%. Short term trend is still weak as long as resistance 2.15-2.16% holds.
On the flip side, near term support is around $1412-14 and any violation below will drag the yellow metal to the next level till $1400/$1380. Major weakness only below $1380.
The near term minor resistance is around $1430 and any break above will take the yellow metal to the next level till $1450/$1465/$1500.
It is good to buy on dips around $1412 with SL around $1400 for the TP of $1450.


FxWirePro: EUR/AUD loses upside momentum but outlook is bullish
CAD/JPY Breaks Down: Loonie Weakness and BOC Patience Set Bears’ Sights on 110
FxWirePro: GBP/NZD stuck in range but outlook is bullish
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies pivot (Major)
Relief Rally Extends to 112.75, but AUDJPY EMA Structure Favors Selling
Ethereum Cracks Under $1,700: Sell the Rally Near $1,750 as Bears Eye $1,380–$1,200
FxWirePro: AUD/ USD strongly bearish despite upside attempts
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/JPY gains above 160 level ahead of BOJ policy meeting
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR edges higher, set to stay on back foot
BTC’s Bear Bounce: Sell the Rally Near $66K as Bears Target $59K–$52K Breakdown 



