Ichimoku Analysis (Daily Chart)
Kijun-Sen- $1903.70
Tenken-Sen-$1911
Gold is trading slightly weak on upbeat global sentiment. The US markets surged sharply especially, S&P500 surged more than 1.5% on hopes of fresh stimulus. DXY has shown a minor recovery till 93.24, violation past 92.50 confirms bearish continuation. Markets eye US CPI data for further direction. The yellow metal hits an intraday high of $1910 and is currently trading around $1912.50.
The yellow metal is facing strong resistance at $1933 (38.2% fib). Any indicative violation above will take to the next level till $1950/$1975/$2000. The near term support is around $1900, any indicative break below will take the commodity till $1880/$1860/$1848.
It is good to buy on dips at around $1880 with SL around $1859 for the TP of $1950/$1975.


FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro: USD/CAD recovers slightly but bearish outlook persists
FxWirePro: GBP/AUD positions for another drop, eyes 1.8900level
FxWirePro: GBP/NZD down trend loses steam, remains on bearish path
Euro Holds the Line: EURUSD Finds Support at the 365-EMA as Peace Talks Loom
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CAD extends decline on broad dollar weakness
Bitcoin’s Volatile Reset: ETFs Rebound as Bulls Eye USD 80,000 Milestone
FxWirePro: GBP/USD bulls remain cautiously optimistic
FxWirePro: GBP/AUD gains some upside momentum but still bearish
FxWirePro: USD/JPY holding bid into weekend
FxWirePro: GBP/NZD up trend gains some momentum but hurdles ahead
FxWirePro: EUR/CAD gains ground on prospects of resumed energy flows
NZDJPY Bulls Charge Toward 95.00: Safe-Haven Exodus Drives Kiwi Rally
FxWirePro- Major European Indices
FxWirePro: AUD/USD retreats slightly but trend is still bullish 



