Major Support - $1460
Gold is trading weak and struggling to hold above $1500 level on easing US-China trade uncertainty. US Treasury Secretary Steven Mnuchin said on Monday that both countries reached “fundamental agreement” during talks. The yellow metal hits low of $1477 and is currently trading around $1482. Short term trend is weak as long as resistance $1555 holds.
US 10-year bond yield continues to trade higher and jumped more than 6% from low of 1.68%. The spread between US 10-year and US 2-year spread widened to 14.7 bps.
Technically, the near term major support is around $1458 low made on Oct 1st and any violation below will drag the gold till $1444/$1429.
The near term resistance is around $1500 and any convincing break above targets $1515/$1525/$1555.
It is good to sell on rallies around $1485-86 with SL around $1500 for the TP of $1444/$1429.


FxWirePro: GBP/NZD stuck in range but outlook is bullish
FxWirePro: GBP/USD range-bound as Iran uncertainty keeps traders cautious
FxWirePro: EUR/ NZD uptrend loses steam, remains on bullish path
FxWirePro: EUR/AUD loses upside momentum but outlook is bullish
FxWirePro: USD/JPY gains above 160 level ahead of BOJ policy meeting
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: USD/ZAR edges higher, set to stay on back foot
FxWirePro: GBP/AUD eases on Geopolitical whipsaw
FxWirePro- Woodies pivot (Major)
Relief Rally Extends to 112.75, but AUDJPY EMA Structure Favors Selling
FxWirePro- Major European Indices
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ CNY falls towards 6.750, bears keep the advantage
GBPJPY Coil Tightens: Is a Bullish Break Above 215.60 Imminent? 



