Ichimoku analysis (Weekly chart)
Tenken-Sen- $1756
Kijun-Sen- $1797.30
Previous week High- $1830.33
Previous week low- $1782
Gold has lost more than $50 the previous week on board-based US dollar buying. The surge in US treasury yields also preventing the yellow metal from further upside.DXY is holding above 92.50, any breach above 92.75 confirms further bullishness. The yellow metal hits a low of $1782 and is currently trading around $1791.15.
Economic data-
The number of people who have filed for unemployment benefits dropped to 310000 last week compared to an estimate of 343K. The European Central bank has kept its rates unchanged and to a moderately lower pace of bond-buying program compared to the previous quarter.
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- Bullish (negative for gold)
Technical:
The immediate resistance is around $1810 and a convincing break above will take the yellow metal $1821/$1835/$1850/$1860/$1877/$1900 is possible. It is facing strong support at $1770, violation below targets $1750/$1725.
It is good to sell on rallies around $1818-20 with SL around $1835 for TP of $1750.


NZDJPY Bulls Charge Ahead: Buying the Dips Above 90 for a Shot at 92
FxWirePro- Major Crypto levels and bias summary
EUR/JPY Surges on Yen Weakness: Bullish Momentum Eyes 186-187 Targets
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
AUDJPY Bulls Stay in Control: Buy the Dips Above 103.80 Targeting 106
FxWirePro: USD/CNY downside pressure builds, key support level In focus
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
FxWirePro- Major European Indices
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
FxWirePro- Major European Indices
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
FxWirePro- Major Crypto levels and bias summary 



