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FxWirePro= Major European Indices 
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FxWirePro- Major European Indices 
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Ichimoku Analysis (Daily chart)
Tenken-Sen- $1514.58
Kijun-Sen- $1502.93
Gold continues to trade higher and jumped more than $50 US-Iran geopolitical tension. The escalation of tension in the Middle East after the US killed a top Iranian Military general. President Trump threatened to hit 52 Iranian sites if Iran retaliates.
US 10- year bond yield has lost more than 9% after hitting a high of 1.95%. The spread between US 10 and 2-year has slightly narrowed to 25 bps from 35 bps.
The pair hits 6-month high at $1588 and any break above targets $1600/$1625. On the flip side, nearby significant support is around $1524 (5- day MA) and any violation underneath will drag the gold down till $1507/$1470.
It is good to buy on dips around $1550-55 with SL $1540 for the TP of $1600.
