Ichimoku Analysis (Daily chart)
Tenken-Sen- $1557.19
Kijun-Sen- $1581.70
Gold has declined sharply more than $50 from fresh 7-year high $1611 on easing tensions in the Middle East. US President Trump said in a speech yesterday that "Iran appears to be standing down, which is a good thing for all parties concerned and a very good thing for the world." This has decreased demand for Safe-haven assets like yen and gold. The yellow metal hits low of $1552 and is currently trading around $1558.
US ADP employment shows that the economy has added 202k private-sector jobs in Dec compared to an estimate of 150k and dollar index gained after the release of data. US 10- year bond yield has shown recovery of more than 6%, the spread between US 10 and 2-year has slightly narrowed to 27 bps from 35 bps.
The near term resistance is around $1575 and any break over targets $1588/$1600. On the flip side, nearby significant support is around $1538 (200 -H MA) and violation underneath will drag the gold down till $1518/$1507.
It is good to sell on rallies around $1565 with SL $1576 for the TP of $1538/$1518.


NZDJPY Surges on NZD Buying: Bullish Setup Eyes 95 as Key Support Holds
AUDJPY Pulls Back as Yen Momentum Returns: Sell Rallies Near 112.60 Targeting 110
FxWirePro: GBP/AUD steadies around 1.9310,retains bid tone
FxWirePro: USD/JPY eases as intervention risk and geopolitics engage in a fierce tug-of-war.
EURJPY Climbs Above 185.50 on Euro Buying: Bullish Momentum Intact, Buy Dips Toward 187
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD uptrend loses steam, remains on bullish path
FxWirePro: NZD/USD hits three-week high, scope for further upside
FxWirePro: GBP/USD climbs to one-month high as dollar dips
FxWirePro: GBP/USD climbs to three-week peak
FxWirePro: USD/JPY slides as yen rallies on Japan pension fund plans
AUDJPY Consolidates in Tight Range: Sell Rallies as Longer-Term EMAs Turn Bearish
FxWirePro: USD/ZAR slips as rand gains despite weak manufacturing data
FxWirePro: USD/CAD trades in tight range as markets track Middle East conflict
FxWirePro- Major Pair levels and bias summary
NZDJPY Bullish Surge: RBNZ Hawkish Pause Fuels Rally Toward 95 as 92.60 Support Holds 



