Ichimoku analysis (Hourly chart)
Tenken-Sen- $1731.67
Kijun-Sen- $1728
Gold is trading higher and holding well above $1700 on dollar weakness. The US dollar index has lost more than 90 pips for a high of 93.43. The minor profit booking in US bond yield is also supporting the yellow metal. US 10-year yield declined more than 3% from yesterday's high 1.745%.
Economic data:
US ISM services surged to a record high in Mar due to upbeat growth in new orders. It came at 63.7comapred to a forecast of 58.3.
Technical:
It is facing strong support at $1725, violation below targets $1719/$1700. Significant trend continuation only below $1675. On the higher side, near-term resistance is around $1745, any indicative break above that level will take till $1760/$1783.
It is good to sell on rallies around $1744-45 with SL around $1760 for the TP of $1675.


ETHUSD Dip: Prime Buy Zone to $3600 Targets
Pound Strike Forces EURGBP Retreat – Next Stop 0.8660?
AUDJPY Bulls in Control: Buy the Dips Above 103.80 for a Run Towards 106
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/CAD slips as firm oil price lift loonie despite soft GDP data
FxWirePro: USD/ZAR outlook weaker on renewed downside pressure
FxWirePro: GBP/USD runs out of steam but maintains bullish outlook
FxWirePro: USD/CAD outlook weaker on renewed downside pressure
0.7870 Break Looms – Next Stop 0.7800 for USDCHF?
CAD/JPY Holds Positive Bias Despite Canada’s Sharp GDP Contraction: Buy Dips Toward 116 Target
Bitcoin Stuck in No-Man’s-Land: $85K Dip or $100K Breakout Next?
FxWirePro: USD/JPY extends falls as Japanese yen extends rally after hawkish BoJ minutes
FxWirePro: AUD/USD gaining momentum for a move towards 0.6800 level
FxWirePro: USD/CAD dips below lower range, bearish bias increases
FxWirePro- Woodies Pivot(Major) 



