Gold continues to trade lower and hits a fresh 3-month low at $1448 on strong US dollar and rising bond yield. DXY has formed a minor bottom around 97, any break above 98.40 confirms further bullishness. Markets eye US-China trade talk progress for further direction. It is currently trading around $1450.
According to the CME Fed watch tool, the probability of keeping rates unchanged has increased from 95.6% to 97% and the chance of 25 bps cut declined to 3% from 4.4%.
US 10-year yield was soaring and jumped more than 15%. It hits a high of 1.97% and is currently trading at 1.94%. It is holding above major resistance 1.91% and an increase till 2.14% likely.
Technically, major support is around $1450 and any break below confirms bearish continuation, a decline till $1430/$1400 likely.
The major resistance is around 1480, any indicative break up targets $1500/$1525. Major trend reversal only beyond $1555.
It is good to sell on rallies around $1458-60 with SL around $1470 for the TP of $1430/$1400.


FxWirePro: EUR/ NZD consolidating around 1.9855, room for further gains
FxWirePro: EUR/AUD jumps as payrolls surprise fuels upside
NZD/JPY Bear Trap: Triple EMA Ceiling Blocks Relief Rally, Sellers Eye 90.50
FxWirePro- Major Pair levels and bias summary
AUDJPY Cracks Below 113: Bearish Breakdown Accelerates Toward 110.50 Target
FxWirePro: GBP/NZD edges lower but bias is bullish
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major European Indices
FxWirePro: USD/ZAR erases early gains ,looking vulnerable
FxWirePro:GBP/USD recovers some ground but bears are not done yet
EURJPY Bearish Dent Intact: Sell the Relief Rally Toward 183/182 Support
FxWirePro: GBP/USD hovers near three week low, bearish outlook remains
FxWirePro: GBP/AUD eases slightly but trend is still bullish
FxWirePro: USD/JPY holds firm despite concerns over possible currency intervention
AUD/JPY Dead-Cat Bounce Halted by EMA Wall; Sell-on-Rise Eyes 110.50 Target 



