FxWirePro- Gold Daily Outlook
Ichimoku analysis (4 Hour chart)
Tenken-Sen- $1738
Kijun-Sen- $1725
Gold has shown a fake breakout above the trend line and declined sharply from that level. The surge in US bond yield is putting pressure on the yellow metal. The 10- year bond yield hits a 13-month high at 1.744% despite dovish comments by Fed. DXY rose more than 50 pips from the minor bottom around 91.30. The vaccine rollout and positive global economic recovery are putting pressure on gold at higher levels.
Economic data:
The number of people who have filed for unemployment benefits rose to 77000 during the week ended Mar 13th. The Philly fed manufacturing index soared to 51.80 in Mar, the highest level in 50 years.
Technical:
The yellow metal is struggling to break significant resistance at $1760. Any violation above will take the gold till $1775/$1790. On the lower side, near-term support at $1714, violation below targets $1700/$1675
It is good to sell on rallies around $1749-50 with SL around $1761 for the TP of $1700.


FxWirePro: GBP/USD runs out of steam but maintains bullish outlook
FxWirePro: GBP/AUD tracks lower on firmer Australian dollar
Bitcoin Stuck in No-Man’s-Land: $85K Dip or $100K Breakout Next?
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/AUD slips following RBA minutes , plunge to test a key fibo grows
ETHUSD Dip: Prime Buy Zone to $3600 Targets
FxWirePro: USD/CAD outlook weaker on renewed downside pressure
AUDJPY Bulls in Control: Buy the Dips Above 103.80 for a Run Towards 106
EUR/GBP Holiday Slumber: Bearish Bias Intact Below 0.8800 Resistance
FxWirePro: EUR/CAD slips as firm oil price lift loonie despite soft GDP data
FxWirePro: USD/JPY extends falls as Japanese yen extends rally after hawkish BoJ minutes
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Pair levels and bias summary 



