FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook 
FxWirePro- Woodies Pivot(Major) 
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook 
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish 
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185 
FxWirePro: GBP/NZD retreats slightly but trend is still bullish 
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212 
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FxWirePro- Major Pair levels and bias summary 
EUR/JPY Holds Bullish Bias Post-ECB Pause: Buy Dips Toward 185 as 182 Support Stands Firm 
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FxWirePro: USD/ZAR edges higher but bearish outlook persists 
FxWirePro- Major Crypto levels and bias summary 
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865 
Ichimoku Analysis (4-hour chart)
Tenken-Sen- $1969.91
Kijun-Sen- $1964.23
Gold prices recovered slightly and hit a fresh week high despite the easing banking crisis. The board-based US dollar selling and stagnant US treasury yield supported the yellow metal at lower levels. It hits a high of $1984.50 and is currently trading around 1980.65.
US Final GDP grew at a slower pace in the fourth quarter to 2.6% vs. the Estimate of 2.7%. The number of people who have filed for unemployment benefits for the week ended Mar 25th rose by 7000 to 198000, above the estimate of 196000.
Major economic data for the day
Mar 30th, 2023 US Core PCE index (1:30 pm GMT).
Chicago PMI (2:45 pm GMT)
US dollar index-Bearish. Minor support around 101.90/101. The near-term resistance is 102.80/103.40/104.20.
According to the CME Fed watch tool, the probability of a 25 bpbs rate hike in May increased to 50.5% from 27.4% a week ago.
The US 10-year yield trades flat after a minor pullback. The US 10 and 2-year spread narrowed to -55.2% from -108%.
Factors to watch for gold price action-
Global stock market- bearish (positive for gold)
US dollar index - Bearish (positive for gold)
US10-year bond yield- bullish (negative for gold)
Technical:
The near–term support is around $1955, a break below targets of $1944/$1935/$1921/$1890.The yellow metal faces minor resistance around $1966, and a breach above will take it to the next level of $1980/$2010/$2020.
It is good to buy on dips around $1955 with SL around $1936 for TP of $2000.
