Ichimoku analysis (4-Hour chart)
Tenken-Sen- $1791.53
Kijun-Sen- $1790
Gold has broken the previous week's high of $1795 and holding well above that level. The yellow metal was one of the best performers yesterday on board-based US dollar weakness.
Economic data-
The HIS Markit purchase manufacturing index for August dropped to 61.2 compared to a forecast of 62.40. The sales of existing-home sales in July came at 5.99 million units in July compared to a forecast of 5.82M.
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 immediate resistance is around $1810 and a convincing break above will take the yellow metal $1820/$1835/$1850 if possible. It is facing strong support at $1770, violation below targets $1750/ $1730/$1700.
It is good to buy on dips around $1790-91 with SL around $1778 for TP of $1830.


FxWirePro: EUR/AUD outlook weaker on renewed downside pressure
FxWirePro: USD/JPY eases ahead of Fed decision , Intervention risks linger
FxWirePro- Woodies pivot (Major)
FxWirePro: EUR/NZD up trend gains momentum but hurdles ahead
EUR/USD Bounces from Monthly Low, But Bearish Pressure Remains
NZDJPY Pullback: Sell Rallies Toward 93.30 as Yen Weakness Eases
FxWirePro: NZD/USD edges lower, remains on back foot
FxWirePro: EUR/ AUD gains some ground , but remains on bearish path
FxWirePro: USD/CAD gaining momentum for a move towards 1.4200 level
EUR/JPY Holds Bullish Bias as Euro Extends Recovery
FxWirePro: GBP/AUD gains some upside momentum but still bearish
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD edges higher as traders await BoE guidance and UK fiscal clarity
FxWirePro: GBP/NZD maintains bersish bias with focus on 2.2900 level
FxWirePro: AUD/USD dips after RBA Governor speech 



