Ichimoku analysis (Hourly chart)
Tenken-Sen- $1888
Kijun-Sen- $1881.60
Gold continues to trade in a narrow range between $1849 to $1900 for the past four trading days. The COVID-19 vaccine optimism by Moderna Inc. The company has said that early data shows its vaccine nearly 95% effective in preventing COVID-19. The dollar index is trading weak and a dip till 92 is likely. The US 10-year yield jumped more than 5% on vaccine hopes.
Economic data:
Markets eye US retail sales data to be released today for further direction.
Technical:
In the hourly chart, Gold is facing strong resistance at $1898 (200 MA). Any break above will take the yellow metal till $1920/$1933. On the lower side, near term support is around $1860 and any indicative break below that level will take till $1848/$1830.
It is good to buy on dips around $1860 with SL around $1840 for the TP of $1950.


FxWirePro: GBP/USD neutral in the near-term, scope for downward resumption
Aussie-Yen Pulls Back to 114 — But Bulls See a Dip-Buying Run to 117
FxWirePro: EUR/AUD jumps as payrolls surprise fuels upside
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
AUDJPY Reclaims 114: Bears Growl in the Short Term, But Bulls Hold the Line
FxWirePro- Major Crypto levels and bias summary
NZDJPY Bulls Reload: Why 93.50 Is the Line in the Sand for a Run to 97
FxWirePro: EUR/NZD tight ranges prevail as market waits for fresh catalyst
FxWirePro: EUR/ NZD bulls gain momentum,eyes level 2.0000
FxWirePro: AUD/USD softens as risk appetite abates
FxWirePro: GBP/USD falls to two-week low on strong US jobs data
EURJPY Dips on NFP Firepower But Stays Bullish Above 184—Load Up Near 185 for a Run to 188
GBPJPY Claims 215: Sterling Bulls Forge Ahead with Locked-In Momentum
FxWirePro: USD/ZAR bears maintain upper hand
FxWirePro- Woodies pivot (Major) 



