FxWirePro: Gold levels to watch (US session)

Gold is trading lower in US session and lost more than $8 on US-China trade optimism.US dollar index has formed a bottom around 98.20-25 level and jumped nearly 40 pips. Any break above 98.60 confirms intraday bullishness, a jump till 99/99.35. The yellow metal hits an intraday low of $1487.03 and is currently trading around $1488.17.

US 10-year bond yield rose more than 2.5% and any break above 1.767% confirms minor bullishness.

Major intraday support to be watched -$1480 and any break below targets $1469/$1458.Minor weakness only below $1458. 

Resistance -The yellow metal is facing strong intraday resistance around $1500 and any break above targets $1515/$1525. 

Additional Levels

$1445 (38.2% fib)

$1414 

$1390 (38.2% fib)