Major Support- $1514
The yellow metal has shown a minor decline after hitting a high of $1555 due to profit booking and a slight recovery in US bond yield. The US 10-year yield is trading at 1.519% slightly up from low of 1.448% and any break above 1.55% (200-H MA) confirms minor bullishness, a jump till 1.582%/1.60%. It hits low of $1519.60 and is currently trading around $1524.55.
On the flip side, the near term major support is around $1514 (300-H EMA) and any major intraday trend reversal can happen only below this level. Any break below will drag the gold till $1500/$1490.
The near term resistance is at $1550 and any violation above will take the yellow metal till $1565/$1590.
It is good to sell on rallies around $1530-32 with SL around $1540 for the TP of $1479.


FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
ECB Hikes, Euro Dives: EURUSD Bears Reload for a Run to 1.1400
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD eases on Geopolitical whipsaw
Sell the Bounce: NZDJPY Bearish Bias Persists Below 94.20, Eyes 90.50
FxWirePro: AUD/ USD strongly bearish despite upside attempts
FxWirePro: USD/ CNY falls towards 6.750, bears keep the advantage
GBPJPY Coil Tightens: Is a Bullish Break Above 215.60 Imminent?
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/JPY gains above 160 level ahead of BOJ policy meeting
BTC’s Bear Bounce: Sell the Rally Near $66K as Bears Target $59K–$52K Breakdown
FxWirePro: EUR/AUD loses upside momentum but outlook is bullish
Dollar Roars Back: USDCHF Buy-the-Dip Setup Eyes 0.8150 as Inflation Shock Kills Rate-Cut Bets
FxWirePro: USD/ZAR bears maintain upper hand 



