Ichimoku Analysis (8-hour chart)
Tenken-Sen- $1725.30
Kijun-Sen- $1724.02
Gold is consolidating after hitting a high of $1744.65. The increase in risk appetite is putting pressure on the yellow metal. DXY continues to trade lower for 3rd consecutive days and a convincing break below 97.80 (61.8% fib) confirms further weakness.
US economic data
US ISM manufacturing index has ticked higher to 43.1 after four months of continuous decline. This shows that it is slightly stabilizing from the 11-year low. The index of new orders jumped to 31.8.
US Dollar Index – Bearish (positive for Gold)
S&P500- Bullish (negative for gold)
US Bond yield- Weak (positive for gold)
Technicals:
The yellow metal is trading flat between $1744 and $1727. The overall trend is bullish as long as support $1691 (23.6% fib) holds. Any violation below will drag it down to $1680/$1671.
The immediate resistance is around $1745, any indicative break beyond targets $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 $1725-26 SL around $1718 for the TP at $1764.


FxWirePro:USD/JPY climbs back above 160.00 after BOJ rate decision
FxWirePro: NZD/USD consolidates overnight gains, but loses momentum
FxWirePro: USD/CAD slips after Fed holds rates steady
FxWirePro- Major Pair levels and bias summary
JPY Currency Meter Signals: NZDJPY Bullish (+25) vs CHFJPY (-100) – These Pairs Could Move Next
NZDJPY Retreats on Yen Strength – Bearish Setup Targets 90 After Hitting 92.75 Low
FxWirePro: NZD/USD firms as Kiwi gains on strong ANZ business outlook data
FxWirePro: AUD/USD dips below lower range, bearish bias increases
FxWirePro: USD/JPY edges higher as focus shifts to BOJ decision
Major FX Action Bias & US Market Sentiment: NZD/USD (Extremely Bullish) & AUD/USD (Bullish) Watchlist
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
FxWirePro: GBP/USD rises as soft US data pressures dollar
NZDJPY Bullish Rebound: Buy Dips as EMAs Align for 97 Target
FxWirePro: AUD/USD gains some ground but outlook is bearish
FxWirePro: USD/CNY dips to hit three year low,scope for further downside
FxWirePro: GBP/AUD gains above 1.9200 level , upside pressure builds
FxWirePro: GBP/AUD drifts lower after BOE rate decision 



