FxWirePro-Major pair levels and bias summary 
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FxWirePro- Gold Daily Outlook
Ichimoku Analysis (4-hour Chart)
Tenken-Sen- $1714.24
Kijun-Sen- $1694.44
Gold jumped sharply and holds above $1700 on the weak US dollar. The lackluster performance in US treasury yields and increased demand for safe-haven assets like gold on rumors of Credit Suisse collapse. The DXY rebounded slightly after hitting a low of 110.06 any close confirms further bearishness.
US 10-year yield recovered more than 6% from a minor bottom of 3.56%. The US 10 and 2-year spread narrowed to -48 basis points from -41 bpbs.
US private companies have added 208K jobs in Sep compared to a forecast of 200K.
According to the CME Fed watch tool, the probability of a 75 bpbs rate hike in Nov declined to 69.4% from 64.70% a week ago.
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 near–term support is around $1677, a close below targets $1665/$1650.The yellow metal faces minor resistance around $1730, the breach above will take it to the next level of $1740/1760/$1800. Minor bullish continuation only if it breaks $1740.
It is good to buy on dips around $1678 with SL around $1660 for TP of $1740.
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