FxWirePro: Gold levels to watch (us session)
Source: FxWire Pro - Technicals / 15 Oct 2019 14:47:03 Europe/London
Gold is trading lower in US session and lost more than $8 on US-China trade optimism.US dollar index has formed a bottom around 98.20-25 level and jumped nearly 40 pips. Any break above 98.60 confirms intraday bullishness, a jump till 99/99.35. The yellow metal hits an intraday low of $1487.03 and is currently trading around $1488.17.
US 10-year bond yield rose more than 2.5% and any break above 1.767% confirms minor bullishness.
Major intraday support to be watched -$1480 and any break below targets $1469/$1458.Minor weakness only below $1458.
Resistance -The yellow metal is facing strong intraday resistance around $1500 and any break above targets $1515/$1525.
$1445 (38.2% fib)
$1390 (38.2% fib)
© FxWire Pro 2019. All rights reserved. The FxWire Pro content received through this service is the intellectual property of FxWire Pro or its third party suppliers. Republication or redistribution of content provided by FxWire Pro is expressly prohibited without the prior written consent of FxWire Pro, except for personal and non-commercial use. Neither FxWire Pro nor its third party suppliers shall be liable for any errors, omissions or delays in content, or for any actions taken in reliance thereon.