Major support- $1480
Major resistance - $1555
Gold is trading flat for the past 2- weeks between $1480 and $1525. The yellow metal has got support at lower levels on account of escalation of tension in the Middle East. It hits low of $1483 after hawkish Fed rate cut. The short-term trend is still bullish as long as support $1480 holds. It is currently trading around $1513.88.
US 10-year bond yield is trading weak after hitting a high of 1.907% and currently trading around 1.753%. The spread between US-10 year and 2-year has narrowed sharply to 2 bps from 9 bps.
On the flip side, major support is around $1480 and any violation below will drag the gold till $1462 (23.6% fib)/$1440.
The near resistance is around $1525 and any minor bullishness can be seen above this level. Any break above targets $1540/$1555.
It is good to buy on dips around $1500-05 with SL around $1480 for the TP of $1540/$1555.


FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
Major FX Action Bias & US Market Sentiment: NZD/USD (Extremely Bullish) & AUD/USD (Bullish) Watchlist
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
FxWirePro: NZD/USD consolidates overnight gains, but loses momentum
Nikkei Surges Past 65,000 on Suspected Yen Weakness: Tech Giants Like Advantest and NEC Lead Explosive Gains
FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/ZAR gains as stronger dollar outweighs upbeat South Africa's trade surplus
FxWirePro- Woodies pivot (Major)
Major European Indices Score Extremely Bullish: DAX Eyes 26000, CAC Targets 8600, FTSE100 at 11000 – Key Levels to Watch
FxWirePro- Major Pair levels and bias summary
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
NZDJPY Bullish Rebound: Buy Dips as EMAs Align for 97 Target
JPY Currency Meter Signals: NZDJPY Bullish (+25) vs CHFJPY (-100) – These Pairs Could Move Next 



