Ichimoku analysis (4-Hour chart)
Tenken-Sen- $1792
Kijun-Sen- $1808
Gold continues to trade lower for third consecutive days on strong US dollar. The US dollar index is holding well above 200-4H EMA, a jump till 93 is possible. Markets eye ECB Pandemic emergency purchase program for further direction. The minor decline in US treasury yields is preventing the yellow metal from further fall. It hits a low of $1792 yesterday and is currently trading around $1787.
Factors to watch for gold price action-
Global stock market- Bearish (positive for gold)
US dollar index – Bullish (negative for gold)
US10-year bond yield- Bearish (positive for gold)
Technical:
The immediate resistance is around $1810 and a convincing break above will take the yellow metal $1818/$1835/$1850 if possible. It is facing strong support at $1780, violation below targets $1770/$1750.
It is good to buy on dips at $1770 with SL around $1758 for TP of $1835.


FxWirePro: USD/CNY downside pressure builds, key support level In focus
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
FxWirePro- Major Crypto levels and bias summary
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
FxWirePro- Major US Indices
FxWirePro- Major European Indices
AUDJPY Bulls Stay in Control: Buy the Dips Above 103.80 Targeting 106
FxWirePro- Woodies Pivot(Major)
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
FxWirePro- Woodies Pivot(Major)
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
EUR/JPY Surges on Yen Weakness: Bullish Momentum Eyes 186-187 Targets
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/JPY retreats as Japan signals possible FX intervention 



