FxWirePro- Major Crypto levels and bias summary 
FxWirePro: GBP/NZD gains some ground but outlook is bearish 
FxWirePro- Woodies pivot (Major) 
FxWirePro: EUR/NZD downside pressure builds, key support level in focus 
FxWirePro: USD/ZAR retreats slightly but bias is bullish 
FxWirePro: GBP/AUD bears maintain upper hand 
FxWirePro: AUD/USD uptrend loses steam, remains on bearish path 
Crypto Bias Report: Trend Signals and Top Bullish Picks 
FxWirePro: EUR/NZD firms after ECB holds rates steady at 2.25% 
FxWirePro: USD/CAD positions for another climb, eyes 1.4150 level 
FxWirePro: GBP/AUD under pressure as pound continues to weaken 
FxWirePro- Woodies pivot (Major) 
FxWirePro: USD/CAD edges lower but bullish outlook persists 
FxWirePro: USD/CNY edges higher but bulls lack punch 
FxWirePro: GBP/NZD downside pressure builds, key support levels in focus 
EUR/USD Slides After ECB Hold, Bearish Technicals Favor Rally Fades 
Major Pairs Action Bias: USDCHF Emerges Extremely Bullish as EURUSD and GBPUSD Turn Deeply Bearish 
Ichimoku Analysis (4- Hour chart)
Tenken-Sen- $1762.55
Kijun-Sen- $1759.88
Gold pared some of its gains on Friday after upbeat US jobs data. The US economy has added 263000 in Nov compared to an estimate of 200000. The unemployment rate steadied at 3.7%. The US dollar is under pressure due to the easing of Covid restrictions in China and dovish comments from the Fed chairman. The yellow metal hits a high of $1810 and is currently trading around $1808. 49
US dollar index- Bearish. Minor resistance around 106.20/107.25. The near-term support is at 103.90.
According to the CME Fed watch tool, the probability of a 50 bpbs rate hike in Dec rose to 79.4% from 75.8% a week ago.
The US 10-year yield trades weak on the fifth consecutive day and lost more than 18%. The US 10 and 2-year spread widened to -78 basis points from -23.9 bpbs.
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 $1780, a break below targets of $1760/$1740. The yellow metal faces minor resistance around $1820, breach above will take it to the next level of $1860/$1900.
It is good to buy on dips around $1780 with SL around $1760 for TP of $1860.
