Major Support- $1445
Gold was trading highly volatile yesterday due to slight trade optimism and weak US economic data. The yellow metal showed a good dip till $1462 after Bloomberg reported that the US and China close to a deal. But US ADP employment data came at 67k much worse than expected 140K and ISM services PMI also missed analyst's estimate.US dollar index lost more than 40 pips yesterday and dipped till 97.48.
According to the FedWatch tool, the chance of keeping rates unchanged has increased to 97.8% from 94.1% and the probability of rate cut slightly declined to 2.2% from 5.9%.
The US 10- year bond yield trades slightly higher and jumped more than 5% from low of 1.694%. The spread between US 2and 10-year has widened slightly from 12.6 bps from 18.8 bps.
On the flip side, near-term support stands at $1456, violation below will drag the yellow metal down till $1445/$1430/$1413 possible.
The near-term resistance is at $1485, any indicative break above targets $1500/$1525.
It is good to buy on dips around $1467-68 with SL around $1460 for the TP of $1495.


FxWirePro- Major Pair levels and bias summary
NZDJPY Bearish Reversal Intact: Triple EMA Stack Signals Sell-on-Rallies Play Toward 90.50
FxWirePro: EUR/AUD jumps as payrolls surprise fuels upside
USD/CHF Retreats to Key Trend-Line Wall; Buy-Above-0.8000 Strategy Targets Sharp Rally to 0.8150
FxWirePro: EUR/ NZD bulls gain momentum,eyes level 2.0000
FxWirePro- Woodies pivot (Major)
EUR/USD Relief Rally Crashes Into 200/365 EMA Wall: Sell-on-Rise Near 1.1600 Targets 1.1435
FxWirePro: GBP/NZD climbs as robust U.S. employment figures triggers renewed buying interest.
Sterling's Shine Fades: GBPJPY Sell-on-Rally Setup Targets 210.40 Breakdown
FxWirePro: AUD/USD holds narrow range, focus on near-term support
FxWirePro USD/JPY consolidates above 160.00 level despite fresh currency intervention threats
FxWirePro: GBP/AUD eases slightly but trend is still bullish
FxWirePro: AUD/USD firms slightly, but downward resumption looks likely
FxWirePro: NZD/USD gains slightly but bearish outlook remains
FxWirePro: GBP/USD falls to two-week low on strong US jobs data
FxWirePro: USD/ZAR erases early gains ,looking vulnerable
FxWirePro: GBP/AUD bulls gain momentum on hot U.S. Jobs data 



