FxWirePro- Major Pair levels and bias summary 
FxWirePro: GBP/USD range-bound as Iran uncertainty keeps traders cautious 
Ethereum Cracks Under $1,700: Sell the Rally Near $1,750 as Bears Eye $1,380–$1,200 
Relief Rally Extends to 112.75, but AUDJPY EMA Structure Favors Selling 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: AUD/USD climbs as US-Iran peace deal sparks risk rally 
Peace Dividend Powers NZDJPY Past 93.50 — Bulls Set Sights on 96.15 Target 
FxWirePro: USD/JPY gains above 160 level ahead of BOJ policy meeting 
FxWirePro: EUR/ NZD uptrend loses steam, remains on bullish path 
FxWirePro- Woodies pivot (Major) 
Geopolitical Easing Fuels AUDJPY Rally Toward 115 — Buy Dips at 113 
FxWirePro: GBP/NZD stuck in range but outlook is bullish 
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook 
FxWirePro: GBP/AUD eases on Geopolitical whipsaw 
Gold is consolidating after hitting 7-month high around $1304.50 as US files criminal case against Huawei shun investor demand for riskier assets. Markets eye Fed policy , Brexit vote and US Non Farm Payroll for further direction. It is currently trading around $1303.75.
The major three factors that drive gold prices
US dollar Index: Weak. DXY halted its 7 day of winning streak and trading weak for past two trading session.The index is facing trend line resistance around 96.50 and a break above targets 96.95/97.75.On the higher side any break above 97.75 confirms bullish continuation.(slightly positive for gold).
USD/JPY: Weak. USD/JPY has shown a minor selling of nearly 70 pips after hitting high of 109.99. The pair should break above 110 for further bullishness. It is currently trading around 109.30.Slightly negative for gold.
US 10 year yield : US 10 year yield is consolidating after hitting low of 2.69%. The yield jumped more than 10% after forming a minor bottom around 2.54%.The yield has declined sharply in past two months and lost nearly 22% from high of 3.25%.It is currently trading around 2.746%.Neutral for Gold.
US 2 year yield: It is trading around 2.59%. The spread between US 10 year and 2 year has declined to 14bpbs from 30 basis point. The spread between 5 year and 2- year yield has inverted (US 2 year yield trading above US 5 year yield).
Gold technical
Gold continues to trade higher for second consecutive day and closed above $1300 for the first time since May 2018. This confirms major bullishness and a jump till $1320/$ On the higher side, yellow metal is facing strong psychological resistance around $1300 and break above will take the gold to next level till $1325/$1350.
The near term support is around $1288-90 and any violation below will drag the commodity down till $1280/$1276.Any break below $1276 confirms minor weakness.
It is good to buy on dips around $1298-99 with SL around $1290 for the TP of $1325.
