AUDJPY Extends Four-Day Rally as Yen Weakness Fuels Fresh Buying Opportunity 
FxWirePro- Woodies pivot (Major) 
FxWirePro: GBP/AUD bears maintain upper hand 
AUDJPY Extends Four-Day Rally on Yen Weakness: Bullish Dip-Buy Eyes 117-118 
FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption 
FxWirePro:USD/JPY hovers near a four-decade low 
Crypto Bias Report: Trend Signals and Top Bullish Picks 
FxWirePro: GBP/NZD downside pressure builds, key support levels in focus 
FxWirePro: USD/CNY edges higher but bulls lack punch 
FxWirePro- Major Crypto levels and bias summary 
JPY Action Bias: USDJPY, EURJPY, and CADJPY Emerge as Top Extremely Bullish Picks 
FxWirePro: GBP/USD downtrend loses steam but outlook still bearish 
FxWirePro: USD/CAD positions for another climb, eyes 1.4150 level 
FxWirePro: USD/ZAR surges as rand slumps after SARB rate hold surprise 
FxWirePro: AUD/USD uptrend loses steam, remains on bearish path 
Gold -
Ichimoku Analysis (4 Hour chart)
Tenken-Sen- $2467.88
Kijun-Sen- $2437
Gold pared some of its gains due to profit booking. It hit a low of $2451 at the time of writing and is currently trading around $2471.
US economic data
US Building permits - strong (negative for gold)
US housing starts - positive (negative for gold)
Market eyes ECB monetary policy meeting today for further direction.
According to the CME Fed watch tool, the probability of a 25 bpbs rate cut in Sep increased to 91.70% from 69.7% a week ago.
US dollar index- Bearish. Minor support around 103.60/103. The near-term resistance is 104.20/105.
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 $2450, a break below the target of $2440/$2410/$235. The yellow metal faces minor resistance around $2485 and a breach above will take it to the next level of $2500.
It is good to buy on dips around $2460-61 with an SL of around $2440 for a TP of $2500.
