FxWirePro-Major European Indices 
FxWirePro- Major European Indices 
UK Economy Accelerates, But GBP/JPY Stays Capped – Sell Toward 206 
AUDJPY: Bearish Setup Intact — Sell Rallies Near 103.30 Targeting 100 
Yen Power Play: AUDJPY Crumbles Below 103.70 Resistance 
USD Loses Shine: Soft Labor Market and Stalling Consumer Spending Drag USDCHF Lower 
FxWirePro- Woodies Pivot(Major) 
ETH/USD Clings Below $3000 in BTC's Shadow: Buy Deep Dips at $2700 Targeting $4000 Breakout 
Yen Surge Dims NZDJPY Shine: Bearish Trend Holds Below 91 Resistance 
FxWirePro: USD/ZAR extends losses as dollar drops after delayed U.S. data 
FxWirePro- Woodies Pivot(Major) 
FxWirePro:USD/JPY neutral in the near-term, scope for downward resumption 
FxWirePro: AUD/USD runs out of steam but maintains bullish outlook 
FxWirePro: NZD/USD sidelined ahead Of key New Zealand GDP and US inflation update 
FxWirePro: GBP/NZD remains bullish as rally continues 
Ichimoku Analysis (4-Hour chart)
Tenken-Sen- $1826
Kijun-Sen- $1817.75
Gold gained sharply and hit 7 months high on the weak US dollar. The global recession and the increase in Covid case in China has increased demand for safe-haven assets like yen, and gold. The yellow metal hits a high of $1843.50 and is currently trading around $1841.50.
US dollar index- Bearish. Minor support around 103.40/102. The near-term resistance is at 104.60/106.
The US 10-year yield is trading flat after hitting a half-month high. The yield spread between 10 and 2-year widened to -61.3 basis points from -46.9 bpbs.
Factors to watch for gold price action-
Global stock market- weak (bullish for gold)
US dollar index – Bearish (Positive for gold)
US10-year bond yield- Bullish (Negative for gold)
Technical:
The near–term support is around $1825, a break below targets of $1807/$1780/$1760.The yellow metal faces minor resistance around $1850, and a breach above will take it to the next level of $1860 /$1900.
It is good to buy on dips around $1800 with SL around $1775 for TP of $1850.
