Ichimoku analysis (Hourly chart)
Tenken-Sen- $1878
Kijun-Sen- $1879
Gold is consolidating in a narrow range between $1862 and $1890 for the past four days. The minor weakness in the US dollar is supporting the yellow metal at lower levels. The rise in inflation is preventing gold from further upside. The US 10- year bond yield lost more than 5.80% from a minor top of 1.692%. The yellow metal hits an intraday high of $1878.50 and is currently trading around $1874.70. Markets eye US Conference Board consumer confidence and new home sales for further direction.
Technical:
It is facing strong support at $1860, violation below targets $1850/$1845/$1838. Significant trend continuation only below $1675. On the higher side, near-term resistance is around $1890, any convincing break above confirms bullish continuation. A jump to $1900/$1932/$1959 is possible.
It is good to buy on dips around $1861-62 with SL around $1850 for the TP of $1898.


FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
0.7870 Break Looms – Next Stop 0.7800 for USDCHF?
FxWirePro: EUR/NZD runs out of steam but maintains bullish outlook
FxWirePro: AUD/USD firms on hawkish RBA meeting minutes
ETHUSD Dip: Prime Buy Zone to $3600 Targets
211.55 Ceiling Holds: GBPJPY Profit-Taking Turns Bearish
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CAD slips as oil rally boosts loonie
AUDJPY: Buy-the-Dip Strategy Intact Above 103.80 Despite Profit-Taking Pullback
NZDJPY: Bearish Signals Sell-on-Rally Opportunity Below 92
FxWirePro: GBP/AUD tracks lower on firmer Australian dollar
FxWirePro: GBP/USD advances on steady UK GDP growth
FxWirePro: NZD/USD maintains bullish bias with focus on 0.5900
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
Pound Strike Forces EURGBP Retreat – Next Stop 0.8660? 



