FxWirePro: USD/ZAR edges higher but bearish outlook persists 
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212 
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185 
FxWirePro: GBP/USD climbs above 1.34 after BoE's relatively hawkish cut 
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish 
EUR/JPY Holds Bullish Bias Post-ECB Pause: Buy Dips Toward 185 as 182 Support Stands Firm 
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains 
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116 
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains 
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook 
FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption 
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact 
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook 
FxWirePro: GBP/USD dips lower on negative UK retail sales data 
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92 
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865 
Ichimoku Analysis (4-Hour chart)
Tenken-Sen- $1947.86
Kijun-Sen- $1948.73
Gold prices recovered more than $20 on short covering. Markets eye the US House of Representatives vote on the US debt deal for further direction. It hit a high of $1963.35 yesterday and is currently trading around $1959.72.
US consumer confidence fell in May to 102.30 from 103.70 in Apr, slightly above the forecast of 99.
US dollar index- Bullish. Minor support around 102.30/101.50. The near-term resistance is 104.40/105.
According to the CME Fed watch tool, the probability of a 25 bpbs rate hike in June increased to 63% from 36.40% a week ago.
The US 10-year yield pared some of its gains due to profit booking. The US 10 and 2-year spread narrowed to -81.20% from -108%.
Factors to watch for gold price action-
Global stock market- bullish (negative for gold)
US dollar index - Bullish (negative for gold)
US10-year bond yield- Bullish (Bearish for gold)
Technical:
The near–term support is around $1935, a break below targets of $1920/$1900.The yellow metal faces minor resistance around $1955, and a breach above will take it to the next level of $1970/$2000/$2020/$2040/$2070/$2100/$2150.
It is good to sell on rallies around $1960 with SL around $1975 for TP of $1920/$1900.
