Major resistance- $1217
The major three factors that drive gold prices
US dollar Index: weak. DXY is trading weak and has broken major support 94.30 yesterday.It hits low of 93.83. The index is facing minor resistance at 94.75 and any break above targets 95./95.25.It has almost formed a double top around 95.70-75 and any major bullishness only above that level. (Slightly negative for gold).
USD/JPY: Trend extremely Bullish. The pair is trading higher and has broken major resistance 112.16. it hits high of 112.73 and is currently trading around 112.69. Short term trend is slightly bullish as long as support 109.77 holds . Any daily close below 109.78 confirms bearish continuation and a dip till 109/108 likely. Slightly positive for gold.
US 10 year yield : US 10 year yield gained sharply more than 3% this week. It is currently trading above 3% level. Any break above 3.129% confirms further bullishness.
US 2 year yield: It hits 10 year high at 2.82%.The spread between US 10 year and 2 year has increased slightly from 20bpbs to 26bpbs.
Gold technical
Major support $1183
Major resistance - $1217
The yellow metal has jumped more than $10 and it is currently trading around $1209. The trend is slightly bullish as long as support $1192 holds.
On the higher side, any break above $1210 will take the commodity till $1217/$1224/$1230.
It is good to buy above $1210 with SL around $1204 for the TP of $1224/$1230.


FxWirePro: NZD/USD turns lower as USD regains footing
FxWirePro: USD/ZAR gains as stronger dollar outweighs upbeat South Africa's trade surplus
DAX & CAC40 Score Perfect 100 Trend, FTSE100 Lags at 85 – Key Levels to Watch on the Perfect Scorers
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
EUR/JPY Under Pressure: Broad Yen Buying Keeps Bears in Control Below 183.00
FxWirePro: GBP/AUD consolidating around 1.9185, bias is bearish
Forex Scorecard: EUR/USD, GBP/USD, and NZD/USD Stand Out as Prime Bullish Opportunities
All Major JPY Pairs Hit Extreme Bearish Score of -100: USDJPY, EURJPY, GBPJPY, AUDJPY, NZDJPY & CADJPY Flash Maximum Weakness
Gold Retreats as Geopolitical Fears Ease: Bears Target $4,000 Support
FxWirePro: USD/ZAR gains as weak SA Manufacturing data hits rand
FxWirePro- Major Pair levels and bias summary
AUDJPY Bears Tighten Grip: Sell Rallies at 110.65-67 Targeting 107.75 as All EMAs Stay Red
FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support
FxWirePro: AUD/USD firms after upbeat consumer spending data
FxWirePro: USD/JPY gains capped as intervention fears keep traders on edge
FxWirePro: GBP/AUD bears maintain upper hand
FxWirePro- Major Crypto levels and bias summary 



