Ichimoku Analysis (4-hour Chart)
Tenken-Sen- $1714.24
Kijun-Sen- $1694.44
Gold jumped sharply and holds above $1700 on the weak US dollar. The lackluster performance in US treasury yields and increased demand for safe-haven assets like gold on rumors of Credit Suisse collapse. The DXY rebounded slightly after hitting a low of 110.06 any close confirms further bearishness.
US 10-year yield recovered more than 6% from a minor bottom of 3.56%. The US 10 and 2-year spread narrowed to -48 basis points from -41 bpbs.
US private companies have added 208K jobs in Sep compared to a forecast of 200K.
According to the CME Fed watch tool, the probability of a 75 bpbs rate hike in Nov declined to 69.4% from 64.70% a week ago.
Factors to watch for gold price action-
Global stock market- Bullish (negative for gold)
US dollar index – Bearish (positive for gold)
US10-year bond yield- Bearish (positive for gold)
Technical:
The near–term support is around $1677, a close below targets $1665/$1650.The yellow metal faces minor resistance around $1730, the breach above will take it to the next level of $1740/1760/$1800. Minor bullish continuation only if it breaks $1740.
It is good to buy on dips around $1678 with SL around $1660 for TP of $1740.


FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/JPY caught in narrow range, bias bearish
FxWirePro: USD/CAD recovers slightly but trend is still bearish
FxWirePro- Major Pair levels and bias summary
NZD/JPY: Bearish Momentum Builds — Sell the Rallies Below 90.90 for a Slide Toward 88.00
FxWirePro: GBP/USD steadies ahead key data, BoE event risk
FxWirePro: NZD/USD weakens as RBNZ quashes rate hike talk
FxWirePro- Woodies Pivot(Major)
Yen Strikes Back: AUD/JPY Retreats as BOJ Policy Looms – Sell on Rallies to 100
FxWirePro: EUR/CAD gives back chunk of early gains, eyes another drop
FxWirePro: USD/CNY outlook weaker on renewed downside pressure
FxWirePro: USD/ZAR attracts selling interest, could be on verge of a bigger drop
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/NZD ticks down after UK GDP data disappoints
FxWirePro: USD/CNY outlook weaker on renewed downside pressure
Sterling Crushed by Double-Contraction GDP – EURGBP Spikes, Next Stop 0.8850–0.8900
UK GDP Flops Again: GBPJPY Drops to 207.22 But Bulls Hold the Line – Buy the Dip to 210? 



