Ichimoku Analysis (Daily Chart)
Tenken-Sen- $1708
Kijun-Sen- $1718
Gold hs once again declined from a high of $1745 on a strong US dollar. The increased chance of the second wave of coronavirus, especially in the US and China has supported the dollar index at lower levels. Chinese industrial production came at 4.4% YoY in May vs 3.9% in Apr but missed expectations of 5% YoY. Retail sales shrank to -2.8% YoY compared to forecast -2.0%.
US Dollar Index – Bullish (Positive for Gold)
S&P500- bearish (positive for gold)
US Bond yield- weak (mildly positive for gold)
Technical:
The yellow metal is facing strong resistance at $1745, any violation above will take the yellow metal till $1765. Significant trend continuation can be seen only if it surges past $1765, a jump till $1800 likely
The immediate support is around $1721, any indicative break beneath targets $1713/$1708/$1700.
It is good to buy on dips around $1720-21 SL around $1700 for the TP at $1765.


FxWirePro: GBP/AUD positions for another drop, eyes 1.8900level
FxWirePro: USD/CAD recovers slightly but bearish outlook persists
FxWirePro:NZD/USD uptrend loses momentum but bullish setup remains
FxWirePro- Major Pair levels and bias summary
Ethereum Consolidates: Bullish Technicals Point to a Potential $3,000 Breakout
FxWirePro: USD/CAD extends decline on broad dollar weakness
Ethereum’s Healthy Correction: Bulls Eye Strategic Re-Entry at 2,150 USD Following Profit-Booking Pullback
Bitcoin’s Volatile Reset: ETFs Rebound as Bulls Eye USD 80,000 Milestone
FxWirePro: EUR/AUD under pressure as key support gives way
NZDJPY Bulls Charge Toward 95.00: Safe-Haven Exodus Drives Kiwi Rally
FxWirePro- Woodies Pivot(Major)
FxWirePro -Major European Indices
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major European Indices
FxWirePro: AUD/USD retreats slightly but trend is still bullish 



