Ichimoku Analysis (Daily Chart)
Tenken-Sen- $1741.87
Kijun-Sen- $1725
Gold has shown a minor decline after hitting 8- year high at $1779. The minor sell-off was due to strength in the US dollar. The investors are switching into safer assets like Gold on fear of the second wave of coronavirus. The dip in US bond yield and global stock markets are also supporting the yellow metal at lower levels.
US Dollar Index – Strong (negative for Gold)
S&P500- Bearish (positive for gold)
US Bond yield- weak (bullish for gold)
Technical:
The yellow metal is facing strong resistance at $1780 and any violation above confirms bullish continuation. A jump till $1800 likely
The immediate support is around $1753 (5-day EMA), any indicative break beneath targets $1745/$1727 (21- day MA)/$1700.
It is good to buy on dips around $1750 with SL around $1740 for the TP at $1800.


FxWirePro: GBP/AUD gains above 1.9200 level , upside pressure builds
JPY Currency Meter Signals: NZDJPY Bullish (+25) vs CHFJPY (-100) – These Pairs Could Move Next
FxWirePro: AUD/USD dips below lower range, bearish bias increases
FxWirePro: NZD/USD consolidates overnight gains, but loses momentum
FxWirePro: EUR/AUD regains upwards momentum but unable to hold above 50%fib level
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD rises as soft US data pressures dollar
FxWirePro:USD/JPY climbs back above 160.00 after BOJ rate decision
FxWirePro: USD/ CNY hits one-month low,scope for futher downside
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
NZDJPY Bullish Rebound: Buy Dips as EMAs Align for 97 Target
FxWirePro: USD/JPY edges higher as focus shifts to BOJ decision
FxWirePro: GBP/AUD drifts lower after BOE rate decision
Major FX Action Bias & US Market Sentiment: NZD/USD (Extremely Bullish) & AUD/USD (Bullish) Watchlist
FxWirePro : GBP/NZD strongly bearish despite upside attempts
FxWirePro:EUR/NZD gains some upside momentum but still bearish 



