Gold has once again declined below $1500 after a minor recovery. The US-China trade optimism and jump in US bond yield is putting pressure on the yellow metal. US CPI came slightly weaker than expected at 0.0% compared to an estimate of 0.1%. The number of people filed for the jobless claim has declined to 310000 vs 315000. The yellow metal hits an intraday low of $1486 and is currently trading around $1505.
The US-10 year bond yield recovered sharply more than 10% from a temporary top of around 1.507%. The spread between US-10 year and 2-year has narrowed slightly to 12 bps from 16 bps.
On the flip side, the near term major support is around $1480 and any violation below will drag the yellow metal till $1460. Any bearish continuation only below $1460.
The near term resistance is around $1525 and any break above that level targets $1540/$1555.
It is good to sell on rallies around $1499-500 with SL around $1512 for the TP of $1461.


FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
FxWirePro: USD/CNY dips to hit three year low,scope for further downside
FxWirePro: GBP/USD rises as soft US data pressures dollar
FxWirePro: USD/ZAR gains as stronger dollar outweighs upbeat South Africa's trade surplus
FxWirePro:USD/JPY climbs back above 160.00 after BOJ rate decision
Major European Indices Score Extremely Bullish: DAX Eyes 26000, CAC Targets 8600, FTSE100 at 11000 – Key Levels to Watch
FxWirePro: USD/CAD retreats after Canada posts stronger-than-expected GDP growth
FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support
Major FX Action Bias & US Market Sentiment: NZD/USD (Extremely Bullish) & AUD/USD (Bullish) Watchlist
JPY Currency Meter Signals: NZDJPY Bullish (+25) vs CHFJPY (-100) – These Pairs Could Move Next
AUDJPY Volatile After Massive Sell-Off: Sell Rallies at 113, Targeting 110 as Bearish Momentum Surges
FxWirePro: NZD/USD consolidates overnight gains, but loses momentum
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD drifts lower after BOE rate decision
NZDJPY Bullish Rebound: Buy Dips as EMAs Align for 97 Target
FxWirePro: AUD/USD gains some ground but outlook is bearish
NZDJPY Retreats on Yen Strength – Bearish Setup Targets 90 After Hitting 92.75 Low 



