FxWirePro- Major Crypto levels and bias summary 
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path 
FxWirePro: NZD/USD downside pressure builds, key support level in focus 
Yen Surge Dims NZDJPY Shine: Bearish Trend Holds Below 91 Resistance 
USD Loses Shine: Soft Labor Market and Stalling Consumer Spending Drag USDCHF Lower 
NZDJPY: Bearish Bias Persists — Sell Rallies Near 90 Targeting 88 
UK Economy Accelerates, But GBP/JPY Stays Capped – Sell Toward 206 
FxWirePro: USD/JPY dips as yen strengthens ahead of BOJ policy meeting 
FxWirePro- Woodies Pivot(Major) 
FxWirePro: USD/CAD slides as U.S. dollar weakens after jobs data 
FxWirePro:USD/JPY neutral in the near-term, scope for downward resumption 
Yen Power Play: AUDJPY Crumbles Below 103.70 Resistance 
FxWirePro: GBP/NZD firms as RBNZ pushes back on rate hike prospects 
FxWirePro: EUR/NZD edges lower but bullish outlook persists 
FxWirePro- Major European Indices 
FxWirePro: USD/ZAR extends losses as dollar drops after delayed U.S. data 
Ichimoku Analysis (4- Hour chart)
Tenken-Sen- $1774.80
Kijun-Sen- $1772.15
Gold trades higher for the third consecutive day on dovish Fed Chairman and weak US economic data. The US dollar index extends its weakness after PCE inflation. It declined to 6% yearly in Oct, below market expectations of 6.2%. The yellow metal hits a high of $1804 yesterday and is currently trading around $1797.55.
US dollar index- Bearish. Minor resistance around 106.20/107.25. The near-term support is at 103.90.
US ISM manufacturing PMI dropped to 49 in Nov compared to a forecast of 49.70. Markets eye the US Core PCE index and US ISM manufacturing index for further direction.
According to the CME Fed watch tool, the probability of a 75 bpbs rate hike in Dec dropped to 20.6% from 24.2% a day ago.
The US 10-year yield lost more than 7.5% in the past two trading days. The US 10 and 2-year spread narrowed to -71.8 basis points from -80 bpbs.
Factors to watch for gold price action-
Global stock market- Bullish (negative for gold)
US dollar index – Bearish (Positive for gold)
US10-year bond yield- Bearish (Positive for gold)
Technical:
The near–term support is around $1780, a break below targets of $1760/$1740. The yellow metal faces minor resistance around $1805, breach above will take it to the next level of $1825/$1860.
It is good to buy on dips around $1770-71 with SL around $1750 for TP of $1860.
