Ichimoku analysis (Daily chart)
Tenken-Sen- $1811.46
Kijun-Sen- $1793.62
Gold lost more than $20 on upbeat US ISM services data. It hits a record high in July at 64.1 compared to a forecast of 60.40. The US dollar gained and holding well above92 level. While US private sector has added 33000 jobs in July well below expectations of 695000. Markets eye US initial jobless claims for further direction.
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- weak (positive for gold)
Technical:
It is facing strong support at $1790, violation below targets $1780/$1765. Significant trend continuation only below $1675. On the higher side, near-term resistance is around $1821 and a convincing break above will take the yellow metal $1835/$1860/$1900 is possible.
It is good to buy on dips around $1790-91 with SL around $1778 for TP of $1850


FxWirePro: GBP/AUD gains some upside momentum but still bearish
JPY Action Bias: USDJPY Emerges as the Clear Bullish Pair to Watch Amid Mixed Crosses
FxWirePro: NZD/USD neutral in the near-term, scope for downward resumption
EUR/JPY Holds Bullish Bias as Euro Extends Recovery
FxWirePro: USD/ZAR retreats but trend is still bullish
FxWirePro: USD/ CNY remains soft ahead of Fed decision
AUDJPY Weakness Deepens: Sell Rallies Toward 112 as Aussie Dollar Falters
FxWirePro: USD/CAD gaining momentum for a move towards 1.4200 level
FxWirePro: AUD/USD falls after softer-than-expected Australian Q2 CPI
FxWirePro: NZD/USD edges lower, remains on back foot
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook
EUR/USD Bounces from Monthly Low, But Bearish Pressure Remains
FxWirePro: EUR/AUD outlook weaker on renewed downside pressure
NZDJPY Pullback: Sell Rallies Toward 93.30 as Yen Weakness Eases
FxWirePro: GBP/NZD maintains bersish bias with focus on 2.2900 level
FxWirePro: GBP/AUD downside pressure builds, key support level in focus 



