The major three factors that drive gold prices
US dollar Index: Bullish. DXY has closed above trend line resistance at 95.95 yesterday. The index hits high of 96.09 and is trading around 96.05. The near term intraday trend reversal level is around 96.16 and any break above targets 96.32/97. It should break above 97 for further bullishness. ( Slightly negative for gold).
USD/JPY: weak . The pair hits high of 112.88 and started to decline from that level.It has declined till 112.48 at the time of writing. Any further weakness cane be seen below 111.50. The near term resistance is around 113 and any break above targets 113.48/114. Slightly positive for gold.
US 10 year yield : US 10 year yield is trading muted after hitting high of 3.25%. It was trading in narrow range between 3.25% and 3.128% for past 10 working days.It is currently trading around 3.17%. Slightly Negative for Gold.
US 2 year yield: It is trading higher and hits fresh high at 2.925% .The spread between US 10 year and 2 year has increased from 22bpbs to 28bpbs.
Gold technical
Major support $1183
Major resistance - $1217
The yellow metal has lost more than $10 yesterday on account of strong USD .On the higher side, any break above $1234 (200- WMA) will take the commodity till $1240/$1265 .It should close above $1265 for bullish continuation.
The near term support is around $1217 (89- day EMA) and any violation below will drag the commodity down till $1211/$1204.
It is good to buy on dips around $1220 with SL around $1216 for the TP of $1234/$1240.


US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
NZDJPY Bears Stay in Command: Sell Rallies at 92.72-75 Targeting 90 as All EMAs Flash Red
FxWirePro- Woodies pivot (Major)
AUDJPY Bears Tighten Grip: Sell Rallies at 110.65-67 Targeting 107.75 as All EMAs Stay Red
FxWirePro- Major Crypto levels and bias summary
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
FxWirePro: GBP/USD slips as dollar rebounds from six-week low
FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support
Forex Scorecard: EUR/USD, GBP/USD, and NZD/USD Stand Out as Prime Bullish Opportunities
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD bears maintain upper hand
FxWirePro: USD/CAD retreats after Canada posts stronger-than-expected GDP growth
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/JPY dips as market assess risk of additional FX intervention.
FxWirePro: USD/ZAR gains as weak SA Manufacturing data hits rand
FxWirePro: USD/ZAR gains as stronger dollar outweighs upbeat South Africa's trade surplus 



