Ichimoku Analysis (Weekly chart)
Tenken-Sen- $1604
Kijun-Sen- $1574
Gold was one of its worst-performing assets and lost more than 10% on the strong US dollar. The yellow metal showed minor recovery after Fed cuts rates top zero to support the economy. The central bank also said that it would purchase another $700 billion worth of Treasury bonds and mortgage-backed securities. The spread of coronavirus and easing by the major central bank is supporting gold at lower levels.
Technically, near term support is around $1500 and any violation below targets $1470/$1430.
On the higher side, immediate resistance is around $1575 and indicative break above will take the gold to the next level till $1600/$1626.
It is good to buy on dips around $1515-20 with SL around $1500 for the TP of $1625.


Investors value green labels — but not always for the right reasons
U.S. Stock Futures Rise as Trump Takes Office, Corporate Earnings Awaited
Infosys Shares Drop Amid Earnings Quality Concerns
Reliance Industries Surges on Strong Quarterly Profit, Retail Recovery
UK Markets Face Rising Volatility as Hedge Funds Target Pound and Gilts
Home ownership is slipping out of reach. It’s time to rethink our fear of ‘forever renting’ 



