Ichimoku analysis (Hourly chart)
Tenken-Sen- $1808
Kijun-Sen- $1805
Gold is consolidating after a minor jump to $1816. The US dollar index declined slightly after a dovish comment from Fed chairman Powell. In the semi-annual testimony, Powell stated that the decline in the number of coronavirus cases and hospitalization and ongoing vaccinations has increased hopes of the normal condition later this year. The yield has lost more than 5% after hitting a multi-year high. The index of consumer confidence rose to a 3-month high at 91.3 in Feb better than the forecast of 90.
Technical:
The yellow metal is facing significant support at $1790, any violation below will drag the commodity to $1760/$1750.The significant nearby resistance is $1816, any indicative break above will take the gold till $1829/$1837/$1850.
It is good to buy on dips around $1785-88 with SL around $1760 for the TP of $1860.


FxWirePro: AUD/USD falls after softer-than-expected Australian Q2 CPI
FxWirePro: USD/ZAR firms ahead of Fed interest rate decision
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/CAD slips after Fed holds rates steady
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook
FxWirePro: USD/JPY edges higher as focus shifts to BOJ decision
FxWirePro: GBP/AUD gains above 1.9200 level , upside pressure builds
FxWirePro : GBP/NZD strongly bearish despite upside attempts
FxWirePro: EUR/AUD regains upwards momentum but unable to hold above 50%fib level
FxWirePro- Major Crypto levels and bias summary
JPY Action Bias: EURJPY and CADJPY Emerge as Extremely Bullish Pairs to Watch
NZD/JPY Flatlines Near 94.60: Will Key Support Reignite the Uptrend?
FxWirePro: USD/ CNY remains soft ahead of Fed decision
FxWirePro: NZD/USD firms as Kiwi gains on strong ANZ business outlook data
EURUSD Spikes to 1.14306 on Fed Pause as Traders Eye Sell-the-Rally Setup
FxWirePro: GBP/AUD gains some upside momentum but still bearish
FxWirePro: GBP/NZD maintains bersish bias with focus on 2.2900 level 



