Ichimoku analysis (Daily chart)
Tenken-Sen- $1745
Kijun-Sen- $1774
Gold continues to trade weak and hits the lowest level since June 2020 on strong US dollar index and surging yield. DXY is holding well above 92 levels, a jump till 92.73-92.91 (200- day EMA and MA) is possible. The minor jump in US indices is also putting pressure on the yellow metal at higher levels. The US 10-year bond yield jumped more than 17% this month.
Technical:
It is facing strong resistance at $1715 (7- day EMA), violation above targets $1745/$1760$1645 (161.8%)/$1637. On the higher side, near-term support is around $1675, any indicative break below that level will take the pair to $1650/$1637.
It is good to sell on rallies around $1701-02 with SL around $1720 for the TP of $16


FxWirePro: USD/CNY hits 15-month low , scope for further downside
GBP/JPY Stuck in Holiday Neutral: Range-Bound at 210 Ahead of Christmas
FxWirePro: EUR/NZD set for bigger drop, but close below key fibo needed
FxWirePro: GBP/USD runs out of steam but maintains bullish outlook
FxWirePro: EUR/CAD extends fall, vulnerable to more downside
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro- Major Pair levels and bias summary
NZDJPY: Sell the Rallies as Bears Guard 92 and Range Trade Persists
FxWirePro: GBP/AUD tracks lower on firmer Australian dollar
FxWirePro: USD/JPY extends falls as Japanese yen extends rally after hawkish BoJ minutes
EUR/GBP Holiday Slumber: Bearish Bias Intact Below 0.8800 Resistance
FxWirePro: USD/CAD outlook weaker on renewed downside pressure
CAD/JPY Holds Positive Bias Despite Canada’s Sharp GDP Contraction: Buy Dips Toward 116 Target
FxWirePro: USD/CAD dips below lower range, bearish bias increases
FxWirePro: USD/ZAR outlook weaker on renewed downside pressure
FxWirePro: EUR/AUD slips following RBA minutes , plunge to test a key fibo grows 



