FxWirePro: USD/ZAR uptrend loses steam, remains on bullish path 
FxWirePro: EUR/NZD downside pressure builds, key support level in focus 
FxWirePro: GBP/NZD downside pressure builds, key support levels in focus 
FxWirePro: GBP/AUD downside pressure builds, key support level in focus 
FxWirePro: USD/CNY dips as yuan firms on improving risk appetite 
FxWirePro: USD/CAD positions for another climb, eyes 1.4150 level 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: NZD/USD gains as U.S.-Iran peace hopes boost risk sentiment 
FxWirePro: USD/CAD gaining momentum for a move towards 1.4200 level 
FxWirePro: GBP/AUD under pressure as pound continues to weaken 
FxWirePro: AUD/USD gains on Iran-US truce hopes, risk rally 
FxWirePro: AUD/USD dips after RBA Governor speech 
FxWirePro: GBP/USD downtrend loses steam but outlook still bearish 
FxWirePro: EUR/AUD outlook weaker on renewed downside pressure 
FxWirePro- Woodies pivot (Major) 
JPY Action Bias: Bullish Pairs to Watch Out For 
Gold recovered more than $15 on easing US bond yields. The number of new coronavirus cases in the US rose by one million on Monday, the number of hospitalized patients rose nearly 50%. This has increased demand for safe-haven assets like gold. It hits a high of $1816.77 and is currently trading around $1815.22.
Factors to watch for gold price action-
Global stock market- Bullish (Negative for gold)
US dollar index –Bullish (negative for gold)
US10-year bond yield- Bullish (Negative for gold)
Technical:
The near–term major support is around $1790, violation below targets $1780/$1770.Significant trend reversal only below $1750.The yellow metal facing strong resistance $1815, any convincing break above will take to the next level $1835/$1860/$1877$1912 is possible.
It is good to sell on rallies around $1815-16 with SL around $1832 for TP of $1760.
