Sell the Bounce": Gold Rally Stalls Near $4165 as Fed Hawks Slam the Door on Rate Cuts — Targets $4000/$3600 
China’s AI Manufacturing Boom Masks Weak Consumer Economy, Citi Says 
With Iran and the US signing a peace deal, where does that leave Benjamin Netanyahu? 
AI Memory Boom Sparks Global Chip Supply Crunch 
Gold Surges Above Key EMAs, Bulls Eye Resistance Amidst Bullish Momentum 
Morgan Stanley Sees Chinese Auto Market Recovery Gaining Momentum in Late Summer 
Gold's 365-Day EMA Streak Since Oct 2023 Faces Its First Real Test at $3,980 — Break or Bounce to $4,140? 
Silver Cracks Key 365-Day EMA for First Time Since Feb 2024; Bears Eye $50 on Rallies 
Uncertainties lingering around the outcome of negotiations between Greece and its creditors remain the principal focus in the euro area, with further discussions today by the Euro Working Group ahead of the Euro group meeting on Thursday.
Data wise, the expectations index of the German ZEW survey is expected to show a further decline in investor confidence to around 37 in June.
During euro's session, US housing starts and permits data may evidence the risk, but the key message is that underlying trends in the sector remain positive.
FX Trading bet:
Today's trend remains fairly bearish due to above mentioned fundamental reasons. 14 day RSI converges with the falling prices.
While stochastic overbought pressure as the %D line cross over near 80 levels, %D line at 71.2513 & %K line at 59.0519.
On intraday trading perspective on upswings we advise buying At The-Money Vega 63.80 Puts for targets of 15-20 pips with ease.
