Ichimoku Analysis (4-hour chart)
Tenken-Sen- $1823.52
Kijun-Sen- $1842.17
Gold price reacted positively despite hawkish Fed monetary policy. The central bank hiked rates by 75bpbs, the biggest increase since 1994. The Fed's "dot plot" shows that the projection for the federal funds rate for this year moved to 3.4%. It has cut its GDP to 1.7% from 2.8% in 2022 , 1.7% from 2.2% in 2023. It hits a high of $1841 yesterday and is currently trading around $1831.06.
Factors to watch for gold price action-
Global stock market- Bearish (Positive for gold)
US dollar index –Bullish (negative for gold)
US10-year bond yield- Bullish (negative for gold)
Technical:
The near–term support is around $1800, a breach below targets $1780/$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 it to the next level of $1880/$1900/$1920.
It is good to sell on rallies around $1838-40 with SL around $1861 for TP of $1750.


FxWirePro- Woodies pivot (Major)
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
FxWirePro :USD/JPY eases slightly, remains on bullish path
FxWirePro- Major Crypto levels and bias summary
BTC, ETH, SOL, XRP, and BNB: Major Crypto Pairs Stay Neutral
FxWirePro: GBP/AUD under pressure as pound continues to weaken
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
Major Pairs Action Bias: USDCHF Emerges Extremely Bullish as EURUSD and GBPUSD Turn Deeply Bearish
FxWirePro: USD/ZAR retreats slightly but bias is bullish
GBPJPY Slips After Sterling Weakness, Bears Eye 216
FxWirePro: NZD/USD gains as U.S.-Iran peace hopes boost risk sentiment
FxWirePro: AUD/USD gains on Iran-US truce hopes, risk rally
JPY Action Bias: Bullish Pairs to Watch Out For
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CAD positions for another climb, eyes 1.4150 level
FxWirePro: GBP/USD downtrend loses steam but outlook still bearish 



