Ichimoku Analysis (Daily Chart)
Tenken-Sen- $1913
Kijun-Sen- $1872
Gold is trading flat after hitting an all-time high of $1986. The upbeat US ISM manufacturing has pushed the U.S dollar index slightly higher to 93.99. The US ISM manufacturing index came at 54.2% in Jul compared to a forecast of 53.6. The US real yield on US treasuries hits record low -1.02% from 0.08% in Jan. Gold and US real yields are inversely proportional and this confirms that yellow metal to cross $200 level soon.
US Dollar Index – Bearish (positive for yellow metal)
S&P500- Positive (negative for gold)
US Bond yield- weak (positive for gold)
Technical:
The yellow metal lost more than $20 from high and any violation below $1960 confirms further bearishness. A decline till $1940/$1907 is possible.
The immediate resistance is around $2000, any indicative break beyond targets $2025/$2050.
It is good to buy on dips around $1920-25 with SL around $1900 for the TP of $1995.


Major FX Action Bias & US Market Sentiment: NZD/USD (Extremely Bullish) & AUD/USD (Bullish) Watchlist
NZD/JPY Flatlines Near 94.60: Will Key Support Reignite the Uptrend?
FxWirePro:EUR/NZD gains some upside momentum but still bearish
FxWirePro: GBP/AUD drifts lower after BOE rate decision
FxWirePro: GBP/USD rises as soft US data pressures dollar
FxWirePro: GBP/USD edges lower ahead of Fed policy verdict
FxWirePro: GBP/AUD gains above 1.9200 level , upside pressure builds
FxWirePro: USD/ZAR firms ahead of Fed interest rate decision
FxWirePro: EUR/AUD regains upwards momentum but unable to hold above 50%fib level
FxWirePro- Major Pair levels and bias summary
Nikkei Surges Past 65,000 on Suspected Yen Weakness: Tech Giants Like Advantest and NEC Lead Explosive Gains
FxWirePro: AUD/USD dips below lower range, bearish bias increases
Buy the Dips on EUR/JPY: Bullish Structure Points to 188 Target Ahead of Fed
FxWirePro: USD/JPY edges higher as focus shifts to BOJ decision
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
AUD/JPY Slips Below 112 as BOJ Intervention Sparks Bearish Momentum: Sell the Rallies
FxWirePro: NZD/USD firms as Kiwi gains on strong ANZ business outlook data 



