Fade the Rally: EUR/JPY Short Opportunity Near 180.80 
ETHUSD Surges Past $2700 on Strong Institutional Demand, Technicals Show Bullish Crossover Despite Cooling ETF Inflow Momentum 
FxWirePro: USD/JPY loses momentum but outlook is bullish 
NZDJPY Plunges Below 90 Amidst Broad New Zealand Dollar Weakness; Resistance at 90.80 Key for Downside Continuation 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: AUD/USD pressured by rising treasury yields, risk-off mood 
FxWirePro: EUR/AUD firms slightly, but outlook remains bearish 
Extremely Bearish JPY Majors: GBPJPY, NZDJPY, AUDJPY Lead the Decline 
FxWirePro: GBP/USD gains some ground but bulls lack punch 
FxWirePro: EUR/AUD retreat from early gains, eyes another drop 
FxWirePro- Woodies Pivot(Majors) 
FxWirePro- Woodies Pivot(Majors) 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: GBP/AUD firms slightly, but downward resumption looks likely 
FxWirePro- Major Pair levels and bias summary 
Sell the Rally: Gold Eyeing $4,000 as Dollar Strength Takes Control 
FxWirePro: GBP/NZD sustains gains as uptrend remains strong 
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Ichimoku Analysis (4 hour chart)
Tenken-Sen- $1955.21
Kijun-Sen- $1970.01
Gold showed a minor pullback above $1950 despite a strong US dollar. It hit a high of $1963 and is currently trading around $1957.99.
Fed Chairman Powell said at an event hosted by the IMF "If it becomes appropriate to tighten policy further, we will not hesitate to do so,"
The number of people who have filed for unemployment benefits in the week ending Nov 4th decreased by 3000 to 217000, above the forecast of 218000.
Major Economic data for the day
Nov 10 th 2023, Prelim UoM consumer sentiment (3:00 pm GMT)
US dollar index- Bearish. Minor support around 104.80/104. The near-term resistance is 106.25/107.50.
According to the CME Fed watch tool, the probability of a no-rate hike in Nov increased to 85.4% from 80% a week ago.
The US 10-year yield lost more than 10% from the multi-week top. The US 10 and 2-year spread widened to -44% from -16%.
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- Bearish (positive for gold)
Technical:
The near–term support is around $1945, a break below targets of $1926/$1900. The yellow metal faces minor resistance around $19 and a breach above will take it to the next level of $2020/$2048.
It is good to sell on rallies around $1968-70 with SL around $1980 for TP of $1950/$1930.
