Ichimoku Analysis (Daily Chart)
Tenken-Sen- $1559.98
Kijun-Sen- $1557
Gold has recovered more than $15 as coronavirus spreading fast in Asia. The outbreak of the virus has increased global uncertainties which might affect global growth. The demand for Safe-haven assets is expected to increase in the coming months. It hits high of $1567.50 and is currently trading around $1561.57.
US 10 year bond yield has shown a minor recovery of more than 1.5%. The spread between US 10- year and 2 years has narrowed to 22.4 bps from 35.7 bps.
The near term resistance is around $1568, any break over targets $1574/$1582. On the flip side, the immediate support is at $1546 and any break will drag the gold down till $1540/$1536 likely. Extreme bearishness only below $1537 (21- day MA).
It is good to buy on dips around $1550-51 with SL $1545 for the TP of $1568/$1574.


FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD drifts lower after BOE rate decision
Nikkei Surges Past 65,000 on Suspected Yen Weakness: Tech Giants Like Advantest and NEC Lead Explosive Gains
FxWirePro: GBP/AUD bears maintain upper hand
FxWirePro- Woodies pivot (Major)
NZDJPY Bullish Rebound: Buy Dips as EMAs Align for 97 Target
FxWirePro: AUD/USD gains some ground but outlook is bearish
FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support
FxWirePro:USD/JPY climbs back above 160.00 after BOJ rate decision
FxWirePro: GBP/USD rises as soft US data pressures dollar
Major European Indices Score Extremely Bullish: DAX Eyes 26000, CAC Targets 8600, FTSE100 at 11000 – Key Levels to Watch
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR gains as stronger dollar outweighs upbeat South Africa's trade surplus
NZDJPY Retreats on Yen Strength – Bearish Setup Targets 90 After Hitting 92.75 Low
AUDJPY Volatile After Massive Sell-Off: Sell Rallies at 113, Targeting 110 as Bearish Momentum Surges 



