Ichimoku Analysis (4-hour Chart)
Tenken-Sen- $1829.71
Kijun-Sen- $1818.09
Gold gained sharply on weak US bond yield. The US 10-year treasury yield dropped more than 8% after US housing data. US Philly fed manufacturing index slumped to a 2-year low in May at 2.6 compared to a forecast of 14.90. Existing home sales dropped to 5.61M vs. 5.75M the previous month. The number of people who have filed for unemployment benefits rose to 218000 last week. It hits a high of $1849.25 and is currently trading around $1841.61.
Factors to watch for gold price action-
Global stock market- bearish (positive for gold)
US dollar index –Bearish (positive for gold)
US10-year bond yield- Bearish (positive for gold)
Technical:
The near–term support is around $1830, a breach below targets $1820/$1800/$1750. Significant reversal only below $1750. A dip to $1700/$1689 is possible. The yellow metal faces strong resistance of $1850, any breach above will take to the next level $1862/$1880.
It is good to buy on dips around $1825-26 with SL around $1800 for TP of $1885.


FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CAD gaining momentum for a move towards 1.4200 level
FxWirePro: GBP/NZD downside pressure builds, key support levels in focus
FxWirePro: USD/CAD positions for another climb, eyes 1.4150 level
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/ZAR retreats slightly but bias is bullish
FxWirePro: USD/ZAR uptrend loses steam, remains on bullish path
FxWirePro- Major Crypto levels and bias summary
AUDJPY Extends Four-Day Rally on Yen Weakness: Bullish Dip-Buy Eyes 117-118
Major Pair Action Bias: Bullish Pairs to Watch Out For
FxWirePro :USD/JPY eases slightly, remains on bullish path
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
AUDJPY Action Bias: Bullish Dip-Buy Setup Despite Flat Neutral Bias
FxWirePro- Major Crypto levels and bias summary
NZDJPY Action Bias: Bullish Dip-Buying Opportunity on Broad Yen Weakness
FxWirePro: AUD/USD gains on Iran-US truce hopes, risk rally 



