FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption 
FxWirePro- Woodies Pivot(Major) 
FxWirePro: GBP/USD dips lower on negative UK retail sales data 
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike 
FxWirePro- Major European Indices 
FxWirePro: USD/ZAR edges higher but bearish outlook persists 
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed 
FxWirePro:EUR/AUD eases but bullish outlook persists 
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185 
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path 
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212 
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92 
FxWirePro- Major Pair levels and bias summary 
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K 
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains 
Ichimoku analysis (4-hour chart)
Tenken-Sen- $1778.35
Kijun-Sen- $1779.04
Gold is trading weak ahead of US Fed monetary policy. The central bank expected to keep rates unchanged as expected. Markets wait for US Fed commentary on speeding up of tapering as inflation ticks higher. US dollar index holds above 96.50 level, any breach above 97 confirms bullish continuation. It hits an intraday low of $1766 and is currently trading around $1770.
Economic data-
US PPI m/m came at 0.8% last month compared to a forecast of 0.5%.
Factors to watch for gold price action-
Global stock market- Bullish (Negative for gold)
US dollar index –Bullish (negative for gold)
US10-year bond yield- neutral (mixed for gold)
Technical:
It faces strong support at $1760, violation below targets $1750/$1740/$1700.Significant trend continuation only below $1675. The yellow metal facing strong resistance $1792, any violation above will take to the next level $1800/$1815/$1835/$1860/$1900 is possible.
It is good to sell on rallies around $1800-01 with SL around $1815 for TP of $1762/$1740.
