Gold is trading higher and jumped more than $20 from yesterday's low of $1525. In the Asian session, the yellow metal has shown a minor decline till $1531 and now it is trading around $1541.25.
US 10 year bond yield continues to trade lower and declined more than 2% in the European session. It hits an intraday low of 1.44%. It is currently trading at around 1.453%.
Major intraday support to be watched -$1531 and any break below targets $1525/$1517.Minor weakness only below $1513. (200- H MA).
Resistance -The yellow metal is facing strong resistance around $1550 and any break above targets $1565/$1580/$1600.
Additional Levels
$1500
$1490 (21- day MA)
$1479 (Aug 13th low)
$1460 (61.8% fib)
