Ichimoku analysis (4-hour chart)
Tenken-Sen- $1825.98
Kijun-Sen- $1797.26
Gold surged slightly after US PPI data. It rose 0.6% in October in line with a forecast of 0.6%. The yearly PPI increased 8.6%, the highest annual pace in 11 years. The US dollar index is trading in a narrow range between 93.87 and 94.15 for the past day. Any close above 94.50 confirms further bullishness. The minor sell-off in US treasury yields also supported the yellow metal. Gold hits a high of $1832.75 and is currently trading around $1826.82.
Factors to watch for gold price action-
Global stock market- Slightly bullish (negative for gold)
US dollar index –Bearish (positive for gold)
US10-year bond yield- Bearish (positive for gold)
Technical:
It faces strong support at $1800 violation below targets $1780/$1760/$1750$1740. Significant trend continuation only below $1675. The yellow metal is facing resistance at $1835, any break above will take the yellow metal to $1860. The major bullish trend after it breaks $1835.
It is good to buy on dips around $1800 with SL around $1780 for TP of $1860.


FxWirePro- Major Crypto levels and bias summary
AUDJPY Extends Five-Day Rampage to Near 115 as Yen Crumbles; Bulls Target 116–117
NZDJPY Catches Its Breath: Bulls Defend 94 Floor With Sights Set on 96–97
FxWirePro: USD/ZAR shows upside momentum, but bearish outlook remains
FxWirePro: GBP/USD falls to two-day low, scope for further downside
FxWirePro :AUD/USD softens as GDP slightly undershoots forecast
GBPJPY Takes a Breather at 215 After Three-Week Rampage; Bulls Reload for 216–217
FxWirePro: GBP/AUD regains upwards momentum but unable to hold above 38.2% fib
FxWirePro- Major Pair levels and bias summary
Bitcoin Cracks Below $70K: ETF Bloodbath and Iran Tensions Spark Bearish Breakdown as Bears Eye $67K
FxWirePro: GBP/USD range-bound as Iran uncertainty keeps traders cautious
FxWirePro: USD/JPY nears 160 as intervention risk intensifies
Euro-Yen Retreats From 186.20 Peak, but Bulls Reload for a Run at 188
FxWirePro: EUR/AUD dips towards 1.6200 level, scope for further downside
FxWirePro- Major European Indices 



