Gold is trading weak for the 5th consecutive week on easing US-China trade tension and strong US strong jobs data. US economy has added 266000 jobs in Nov compared to a forecast of 181K, fastest pace in 10 months. The US dollar index has formed a minor bottom near 97.36 and shown a good recovery of 50 pips to 97.84. the yellow metal hits low of $1458.57 previous week and is currently trading around $1462.39.
US 10-year yield is trading higher for the past 1- week and jumped more than 10% from low of 1.693%. The spread between US 10-year and 2-year has narrowed to 22.4 bps.
According to the Fed Watch tool, the probability of the Fed to keep rates unchanged has increased to 99.3% from 92.6% 1-week ago, the chance of rate hike declined to 0.7% from 7.4%.
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 $1480, any indicative break above targets $1500/$1525.
It is good to sell on rallies around $1465-67 with SL around $1478 for the TP of $.


FxWirePro- Major Pair levels and bias summary
NZDJPY Bearish Reversal Intact: Triple EMA Stack Signals Sell-on-Rallies Play Toward 90.50
Sterling's Shine Fades: GBPJPY Sell-on-Rally Setup Targets 210.40 Breakdown
AUDJPY Cracks Below 113: Bearish Breakdown Accelerates Toward 110.50 Target
FxWirePro: GBP/AUD bulls gain momentum on hot U.S. Jobs data
FxWirePro: GBP/AUD eases slightly but trend is still bullish
FxWirePro: GBP/USD hovers near three week low, bearish outlook remains
USD/CHF Retreats to Key Trend-Line Wall; Buy-Above-0.8000 Strategy Targets Sharp Rally to 0.8150
EURJPY Bearish Dent Intact: Sell the Relief Rally Toward 183/182 Support
FxWirePro: GBP/NZD edges lower but bias is bullish
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/USD falls to two-week low on strong US jobs data
FxWirePro: AUD/USD firms slightly, but downward resumption looks likely
EUR/USD Relief Rally Crashes Into 200/365 EMA Wall: Sell-on-Rise Near 1.1600 Targets 1.1435
Sterling Surge: GBP/JPY Smashes Above 214 With Triple EMA Blessing; Bulls Eye 217
FxWirePro: AUD/USD holds narrow range, focus on near-term support 



