Ichimoku Analysis (4-hour chart)
Tenken-Sen- $1704.51
Kijun-Sen- $1704.51
Gold is trading in narrow range for past 3 days between $1723 and $1691. The trade war, spread of COVID 19 is supporting the yellow metal at lower levels.
US Dollar index – bearish (positive for Gold)
S&P500-Slightly -weak (positive for gold)
US Bond yield- bearish (positive for gold)
The yellow metal is hovering near $1700 with no follow through buying. On the flip side, the near term significant support is around $1690 (trend line support) and any violation below will drag the gold down till $1660/$1640.
The immediate resistance is around $1712, any indicative break beyond targets $1723/$1739. Significant trend continuation can be seen only if it breaks $1747.
It is good to buy on dips around $1700 SL around $1690 for the TP of $1747.


Nikkei Surges Past 65,000 on Suspected Yen Weakness: Tech Giants Like Advantest and NEC Lead Explosive Gains
JPY Action Bias: EURJPY and CADJPY Emerge as Extremely Bullish Pairs to Watch
FxWirePro: USD/JPY edges higher as focus shifts to BOJ decision
FxWirePro: NZD/USD consolidates overnight gains, but loses momentum
NZDJPY Bullish Rebound: Buy Dips as EMAs Align for 97 Target
FxWirePro- Major Pair levels and bias summary
AUDJPY Volatile After Massive Sell-Off: Sell Rallies at 113, Targeting 110 as Bearish Momentum Surges
Major FX Action Bias & US Market Sentiment: NZD/USD (Extremely Bullish) & AUD/USD (Bullish) Watchlist
FxWirePro: NZD/USD firms as Kiwi gains on strong ANZ business outlook data
AUD/JPY Slips Below 112 as BOJ Intervention Sparks Bearish Momentum: Sell the Rallies
FxWirePro: USD/CNY dips to hit three year low,scope for further downside
FxWirePro: GBP/AUD drifts lower after BOE rate decision
FxWirePro: GBP/USD rises as soft US data pressures dollar
FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/USD dips below lower range, bearish bias increases
FxWirePro: EUR/AUD regains upwards momentum but unable to hold above 50%fib level
FxWirePro: USD/CAD slips after Fed holds rates steady 



