FxWirePro: GBP/NZD retreats slightly but trend is still bullish 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro- Woodies Pivot(Major) 
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212 
FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption 
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact 
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: GBP/USD climbs above 1.34 after BoE's relatively hawkish cut 
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish 
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92 
FxWirePro- Major European Indices 
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption 
EUR/JPY Holds Bullish Bias Post-ECB Pause: Buy Dips Toward 185 as 182 Support Stands Firm 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: USD/ZAR edges higher but bearish outlook persists 
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K 
Ichimoku Analysis (4-Hour chart)
Ichimoku Analysis (4-hour chart)
Tenken-Sen- $1991.60
Kijun-Sen- $1991.78
Gold prices showed a minor weakness on US debt worries. US Treasury Secretary Yellen said that the US could run short of money after June 1st, 2023 if no deal is reached. The yellow metal lost more than $25 after hitting a high of $2006 yesterday. It is currently trading at around $1982.08.
US ISM manufacturing PMI came at 47.10in Apr compared to a forecast of 46.60.
US dollar index- Neutral. Minor support around 101/100. The near-term resistance is 102.35/103.
According to the CME Fed watch tool, the probability of a 25 bpbs rate hike in May increased to 95.40% from 83.9% a day ago.
The US 10-year yield showed a minor pullback after US ISM manufacturing PMI. The US 10 and 2-year spread narrowed to -57.70% from -108%.
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 $1970, a break below targets of $1955/$1935.The yellow metal faces minor resistance around $2020, a breach above will take it to the next level of $2050/$2070.
It is good to buy on dips around $1950-52 with SL around $1935 for TP of $2040/$2070.
