Ichimoku Analysis (Daily chart)
Tenken-Sen- $1729
Kijun-Sen- $1718
Gold has once again gained above $1700 due to unrest in Hong Kong has increased demand for Safe-haven. China proposed national security law in Hong Kong, which will destroy freedom enjoyed by them. The yellow metal hits low of $1694 and shown a recovery till $1715. But a strong global stock market due to hopes of the COVID-19 vaccine might cap upside. It is currently trading around $1715.
US Dollar Index – Bearish (positive for Gold)
S&P500- Bullish (Negative for gold)
US Bond yield- slightly bullish (negative for gold)
Technicals:
The yellow metal took support near 23.6% fib and broken resistance $1716 (21- day MA). The near-term support is around $1690 and violation below will drag it down till $11680/$1671.
The immediate resistance is around $1726, any indicative break beyond targets $1740/$1755/$1765. Significant trend continuation can be seen only if it surges past $1765, a jump till $1800 likely.
It is good to buy on dips around $1702-04 SL around $1690 for the TP at $1740.


FxWirePro: NZD/USD consolidates overnight gains, but loses momentum
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/AUD drifts lower after BOE rate decision
AUD/JPY Slips Below 112 as BOJ Intervention Sparks Bearish Momentum: Sell the Rallies
Nikkei Surges Past 65,000 on Suspected Yen Weakness: Tech Giants Like Advantest and NEC Lead Explosive Gains
FxWirePro : GBP/NZD strongly bearish despite upside attempts
Major European Indices Score Extremely Bullish: DAX Eyes 26000, CAC Targets 8600, FTSE100 at 11000 – Key Levels to Watch
FxWirePro: USD/ CNY hits one-month low,scope for futher downside
FxWirePro: USD/JPY edges higher as focus shifts to BOJ decision
NZDJPY Bullish Rebound: Buy Dips as EMAs Align for 97 Target
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
FxWirePro: USD/CNY dips to hit three year low,scope for further downside
FxWirePro: AUD/USD gains some ground but outlook is bearish
FxWirePro: NZD/USD firms as Kiwi gains on strong ANZ business outlook data
FxWirePro: USD/CAD slips after Fed holds rates steady
FxWirePro: GBP/USD rises as soft US data pressures dollar 



