Ichimoku Analysis (Daily chart)
Tenken-Sen- $1626
Kijun-Sen- $1618
Gold has shown a minor recovery of nearly $50 from minor bottom $1563. The yellow metal declined more than 7% from 7-year high $1685. But overall trend is still on upside as outbreak coronavirus has increased demand for Safe-haven assets like yen, gold. its low of $1524 and is currently trading around $1598.
US 10-year surged more than 10% after a massive sell-off. The spread between 10 and 2-year yield narrowed to 25 bps from 34 bps. According to the CME FedWatch tool, the probability of 50 bps rate cut increased to 100% from 94.9% and 25 bps cut decreased to 0% from 5.1%.
Technically, it is facing strong support at $1567 (7- W EMA) and any close below targets $1537/$1522.
The immediate resistance is around $1610, an indicative break above will take the yellow metal till $1626/$1635/$1660.
It is good to buy on dips around $1570-75 with SL around $1550 for the TP of $1685.


US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
FxWirePro: GBP/AUD drifts lower after BOE rate decision
NZDJPY Bullish Rebound: Buy Dips as EMAs Align for 97 Target
JPY Action Bias: EURJPY and CADJPY Emerge as Extremely Bullish Pairs to Watch
FxWirePro: NZD/USD consolidates overnight gains, but loses momentum
FxWirePro: USD/JPY edges higher as focus shifts to BOJ decision
Major FX Action Bias & US Market Sentiment: NZD/USD (Extremely Bullish) & AUD/USD (Bullish) Watchlist
FxWirePro: USD/CNY dips to hit three year low,scope for further downside
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Crypto levels and bias summary
AUD/JPY Slips Below 112 as BOJ Intervention Sparks Bearish Momentum: Sell the Rallies
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies pivot (Major)
JPY Currency Meter Signals: NZDJPY Bullish (+25) vs CHFJPY (-100) – These Pairs Could Move Next 



