FxWirePro: USD/CAD steadies around 1.3990 ,retains bid one 
FxWirePro: USD/ZAR bears maintain upper hand 
ECB Hikes, Euro Dives: EURUSD Bears Reload for a Run to 1.1400 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro- Woodies pivot (Major) 
FxWirePro: GBP/AUD eases on Geopolitical whipsaw 
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook 
FxWirePro: USD/ CNY falls towards 6.750, bears keep the advantage 
FxWirePro: GBP/USD range-bound as Iran uncertainty keeps traders cautious 
FxWirePro: EUR/ NZD uptrend loses steam, remains on bullish path 
GBPJPY Coil Tightens: Is a Bullish Break Above 215.60 Imminent? 
Dollar Roars Back: USDCHF Buy-the-Dip Setup Eyes 0.8150 as Inflation Shock Kills Rate-Cut Bets 
Sell the Bounce: NZDJPY Bearish Bias Persists Below 94.20, Eyes 90.50 
FxWirePro: AUD/ USD strongly bearish despite upside attempts 
Gold is trading extremely bullish and jumped another $50 from yesterday's low. The yellow metal has broken psychological resistance around $1400 and hits the highest level since Sep 2013. The jump was mainly due to the dovish Fed and escalation of Middle East tension. The series of incidents such as the attack on tankers in Strait of Hormuz and Iran's downing of a US military drone has escalated further tensions between the US and Iran.
US 10 year bond yield has shown a minor recovery from a low of 1.97%. But the overall trend is still weak and spread between 10 year and 3 month has narrowed from 25 basis point to 13 basis point. It is currently trading around 2.00%. The yield and gold are inversely proportional to each other.
On the higher side, near term resistance is around $1412 and any convincing break above targets $1428/$1449.
The near term support is around $1389 (23.6% fib) and any break below confirms minor weakness a dip till $1375/$1360-65 (resistance turned into support)/$1346 (low made after Fed policy).
It is good to buy on dips around $1375-76 with SL around $1360 for the TP of $1428.
