Ichimoku Analysis (Daily Chart)
Tenken-Sen- $1733
Kijun-Sen- $1717
Gold jumped sharply and hits a high of $1763 as risk appetite increased. The jump in the number of new corona cases, especially in the U.S has increased in demand for Safe-haven assets like the gold, yen. The number of people infected in U.S crossed 2.35 million. The people died due to coronavirus have decreased to 11th consecutive days to less than 1000 since its peak in Apr.
US Dollar Index – weak (positive for Gold)
S&P500- Slightly- slightly bullish (negative for gold)
US Bond yield- Weak (mildly positive for gold)
Technical:
The yellow metal is facing strong resistance at $1765 and any violation above confirms bullish continuation. A jump till $1800 likely
The immediate support is around $1740, any indicative break beneath targets $1729/$1716/$1700.
It is good to buy on dips around $1745-46 with SL around $1730 for the TP at $1800.


FxWirePro: USD/CAD extends gains as U.S. dollar gains momentum after strong U.S. NFP data
FxWirePro: GBP/NZD climbs as robust U.S. employment figures triggers renewed buying interest.
BTC Cracks Below $65K: Sell the Rip as Iran Tensions and ETF Bleeding Fuel Bears
NZDJPY Bulls Reload: Why 93.50 Is the Line in the Sand for a Run to 97
FxWirePro: GBP/AUD bulls gain momentum on hot U.S. Jobs data
FxWirePro: EUR/AUD holds narrow range, focus on near-term support
FxWirePro: EUR/AUD jumps as payrolls surprise fuels upside
FxWirePro: USD/JPY on nervous hold around 160.00
AUDJPY Reclaims 114: Bears Growl in the Short Term, But Bulls Hold the Line
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies pivot (Major)
FxWirePro: AUD/USD softens as risk appetite abates
FxWirePro: GBP/USD neutral in the near-term, scope for downward resumption
FxWirePro: EUR/ NZD bulls gain momentum,eyes level 2.0000
FxWirePro: GBP/USD falls to two-week low on strong US jobs data 



