Ichimoku Analysis (Weekly Chart)
Tenken-Sen- $1577
Kijun-Sen- $1574
Chart pattern- Hanging Man (inside chart)
Gold has shown a nice recovery from low of $1567 and jumped till $1632.90. The recovery came due to Safe-haven demand and weak US jobs data. US economy has lost 701000 jobs in Mar compared to the forecast of 100000, while the unemployment rate jumped to 4.4% vs 3.8%.
The total number of people infected due to coronavirus rose to 1274346 with the U.S is in the top with 336830 and major European economies like Spain, Italy and Germany crossed 1 lakh.
On the flip side, near term support is at $1600 and any violation below will drag the yellow metal down till $1570/$1550.
The immediate resistance is around $1645 and indicative break above targets $1660/$1680.
It is good to buy on dips at $1600 with SL around $1580 for the TP of $1660.


FxWirePro: GBP/USD recovers but bears are not done yet again
EUR/JPY Bulls Charge: Eyeing 186.00 as Euro Strength Intensifies
FxWirePro: GBP/NZD remains buoyant, looks to extend gains
FxWirePro: AUD/USD downside pressure builds, key support level in focus
FxWirePro- Major European Indices
FxWirePro- Woodies Pivot(Major)
Aussie Retreats Against the Yen: AUDJPY Bears Target 108 as 110 Resistance Holds Firm
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook
FxWirePro: USD/JPY firms as Trump's address on Gulf war spark fresh concerns
Bitcoin Battles Volatility: Institutional Support Eyes USD 64,000 Floor Amid Geopolitical Tensions
FxWirePro- Major Pair levels and bias summary
NZDJPY Bears Take Control: New Zealand Dollar Retreats as 92 Resistance Holds Firm
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/ NZD steadies around 2.0150, retains bid tone
FxWirePro: EUR/AUD eases slightly but trend is still bullish
FxWirePro: EUR/ NZD consolidating around 2.0180 room for further gains 



