FxWirePro: USD/CAD gains some upside momentum but still bearish 
FxWirePro: GBP/NZD runs out of steam but maintains bullish outlook 
FxWirePro- Woodies Pivot (Major) 
FxWirePro: AUD/USD range bound ahead of key event risks 
FxWirePro: USD/ZAR hits three-week high after hot U.S. PPI data 
FxWirePro: USD/JPY slips as yen firms after hot Japan's wholesale inflation data 
Upbeat UK GDP Fails to Lift GBP/JPY as Bears Target 207 
AUDJPY Trades in Narrow Range, Bearish Indicators Suggest Selling on Rallies 
FxWirePro: EUR/AUD scales one-week peak after ECB rate hike 
FxWirePro: EUR/NZD gaining momentum for a move towards 2.0100 level 
JPY Major Currency Score: All Bearish 
FxWirePro: EUR/AUD gains modestly ahead of ECB policy decision 
JPY Major Currency Score: AUDJPY, EURJPY, CADJPY Extremely Bearish 
FxWirePro: USD/CNY sees some bounce after yesterday's fall 
FxWirePro: USD/CNY bearish outlook persists 
FxWirePro: GBP/AUD hovered near three month low , Outlook bearish 
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A rise in US bond yields and a spike in oil prices, driven by renewed conflict between the US and Iran, helped gold lose its luster. It hits an intraday low of $4300; it is currently at $4338.
|
Technicals |
CMP: $ 4338 |
Trend |
|
|
4-hour chart |
Value |
|
|
|
55 EMA |
$4411 |
CMP <55 EMA |
Bearish |
|
200- EMA |
$4375 |
CMP <200- EMA |
Bearish |
|
365- EMA |
$4350 |
CMP <365 EMA |
Bearish |
Near -term support -$4300. Major bearishness below $4300. Any violation below $4300 targets $4235/$4215/$4200/$4156/$4080/$4000. Near-term resistance - $4370/$4400/$4435/$4500/$4600/$4700.
|
Momentum indicator (4-hour chart) |
Inference |
Value |
|
CCI(50) |
Bearish |
-90.12 |
|
ADX |
Neutral |
Strength increased from 16.82 to 23.44 |
It is good to sell on rallies around $4348-50 with SL around $4400 for a TP of $4235/$4200/$4000.
