FxWirePro- Major European Indices 
CAD/JPY Breaks Down: Loonie Weakness and BOC Patience Set Bears’ Sights on 110 
FxWirePro: GBP/USD weakens as escalating Middle East tensions weighs on sterling 
Dollar Roars Back: USDCHF Buy-the-Dip Setup Eyes 0.8150 as Inflation Shock Kills Rate-Cut Bets 
FxWirePro: GBP/USD range-bound as Iran uncertainty keeps traders cautious 
FxWirePro: USD/CAD steadies around 1.3990 ,retains bid one 
FxWirePro: EUR/AUD loses upside momentum but outlook is bullish 
Relief Rally Extends to 112.75, but AUDJPY EMA Structure Favors Selling 
FxWirePro: USD/ CNY falls towards 6.750, bears keep the advantage 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: USD/ZAR bears maintain upper hand 
ECB Hikes, Euro Dives: EURUSD Bears Reload for a Run to 1.1400 
FxWirePro- Woodies pivot (Major) 
FxWirePro: USD/JPY gains above 160 level ahead of BOJ policy meeting 
FxWirePro: AUD/ USD strongly bearish despite upside attempts 
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook 
Gold is trading lower for 3rd consecutive days after hitting a fresh 6-year high of $1452. The easing monetary policy by the Fed and ECB was the main reason for a major jump in the yellow metal. According to the CME Fed watch tool, the probability of the rate cut is 100% with a 78.6% chance of 25 bpbs and 21.4% of a 50bpbs rate cut. The yellow metal hits an intraday low of $1414 and is currently trading around $1417.44.
US 10 year yield has formed a temporary top around 2.15% and shown a dip till 2.02%. Short term trend is still weak as long as resistance 2.15-2.16% holds.
On the flip side, near term support is around $1412 (trend line support) and any violation below will drag the yellow metal to the next level till $1400/$1380. Major weakness only below $1380.
The near term minor resistance is around $1430 and any break above will take the yellow metal to the next level till $1450/$1465/$1500.
It is good to buy on dips around $1412 with SL around $1400 for the TP of $1450.
