Gold has formed double bottom around at 1455 and shown minor recovery. Short term trend is still weak as long as resistance $1500 (200-day MA) holds. US dollar index surges to 3- year high and putting pressure on the yellow metal.
US 10-year yield has shown a massive recovery of more than 250% from an all-time low of 0.36%. The spread between US 10-year and 2-year has widened to 70 bps from 20 bps.
Technically, near term support is around $1450 and any violation below will drag the gold down till $1430/$1400.
On the higher side, immediate resistance is around $1500 and indicative break above will take the gold till $1535/$1555.
It is good to sell on rallies around $1490-95 with SL around $1505 for the TP of $1430.


FxWirePro: USD/ZAR bears maintain upper hand
AUDJPY Reclaims 114: Bears Growl in the Short Term, But Bulls Hold the Line
FxWirePro USD/CAD steadies around 1.3910,retains bid tone
FxWirePro: EUR/ NZD bulls gain momentum,eyes level 2.0000
FxWirePro: EUR/AUD jumps as payrolls surprise fuels upside
FxWirePro: GBP/USD neutral in the near-term, scope for downward resumption
FxWirePro: EUR/NZD tight ranges prevail as market waits for fresh catalyst
FxWirePro: AUD/USD holds narrow range, focus on near-term support
FxWirePro- Major Crypto levels and bias summary
GBPJPY Claims 215: Sterling Bulls Forge Ahead with Locked-In Momentum
FxWirePro: USD/CAD extends gains as U.S. dollar gains momentum after strong U.S. NFP data
FxWirePro: GBP/USD falls to two-week low on strong US jobs data
NZDJPY Bulls Reload: Why 93.50 Is the Line in the Sand for a Run to 97
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/JPY holds firm despite concerns over possible currency intervention 



