FxWirePro- Major European Indices 
FxWirePro: GBP/USD weakens as escalating Middle East tensions weighs on sterling 
Relief Rally Extends to 112.75, but AUDJPY EMA Structure Favors Selling 
FxWirePro: USD/ZAR edges higher, set to stay on back foot 
Sell the Bounce: NZDJPY Bearish Bias Persists Below 94.20, Eyes 90.50 
FxWirePro: USD/CAD steadies around 1.3990 ,retains bid one 
BTC’s Bear Bounce: Sell the Rally Near $66K as Bears Target $59K–$52K Breakdown 
FxWirePro- Woodies pivot (Major) 
CAD/JPY Breaks Down: Loonie Weakness and BOC Patience Set Bears’ Sights on 110 
FxWirePro: AUD/ USD strongly bearish despite upside attempts 
Ethereum Cracks Under $1,700: Sell the Rally Near $1,750 as Bears Eye $1,380–$1,200 
FxWirePro: GBP/AUD eases on Geopolitical whipsaw 
FxWirePro: USD/ CNY falls towards 6.750, bears keep the advantage 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: USD/ZAR bears maintain upper hand 
Gold is trading in a narrow range after hitting a 6-year high of $1555. The yellow metal was trading higher in the previous week and jumped more than $50 on US-China trade war escalation and declining US bond yield. The yellow metal hits low of $1525 and shown a minor jump from that level. It is currently trading around $1542.77. Markets eye US Prelim GDP q/q for further direction.
US 10 year bond yield lost more than 13% from a previous week high of 1.66% and hits 3-year low around 1.44%. It is currently trading at 1.478%. The yield curve between US 10 year and 2-year got inverted by 5 bps point highest since 2007.
On the lower side, near term support is around $1525 (Aug 26th, 2019) and any violation below will drag the yellow metal down till $1500/ $1486 (21- day MA)/$1460.The major weakness can be seen only below $1437.
The near term resistance is around $1565 and the indicative break above targets $1580/$1600.
It is good to buy on dips around $1520-25 with SL around $1500 for the TP of $1560.
