Ichimoku analysis (Hourly chart)
Tenken-Sen- $1732
Kijun-Sen- $1733
Gold is consolidating in a narrow range between $1721.70 and $1741.70 for the past two days ahead of the FOMC meeting. The central bank is expected to keep interest rates and bond-buying programs intact as expected. Markets eye Fed statement and Powell press conference for further direction. US 10-year yield jumped more than 3% from yesterday's low 1.585%.
Economic data:
US retail sales dropped by 3% in Feb compared to a forecast of -0.5. The January data was revised to 7.6% from 5.3% as previously reported.
Technical:
It is facing strong support at $1725, violation below targets $1700/$1685/$1660/$1637. On the higher side, near-term resistance is around $1745, any indicative break above that level will take till $1760/$1783.
It is good to buy on dips around $1726-27 with SL around $1714 for the TP of $1760.


FxWirePro: GBP/USD runs out of steam but maintains bullish outlook
GBP/JPY Stuck in Holiday Neutral: Range-Bound at 210 Ahead of Christmas
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/NZD set for bigger drop, but close below key fibo needed
FxWirePro: EUR/CAD extends fall, vulnerable to more downside
FxWirePro: USD/CNY hits 15-month low , scope for further downside
NZDJPY: Sell the Rallies as Bears Guard 92 and Range Trade Persists
FxWirePro: USD/JPY extends falls as Japanese yen extends rally after hawkish BoJ minutes
FxWirePro: USD/CAD dips below lower range, bearish bias increases
USD/CHF Bears in Control: Dips Below 0.7870 Signal More Downside Ahead
AUDJPY Bulls in Control: Buy the Dips Above 103.80 for a Run Towards 106
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CAD outlook weaker on renewed downside pressure
FxWirePro: EUR/AUD attracts selling interest, vulnerable to more downside
CAD/JPY Holds Positive Bias Despite Canada’s Sharp GDP Contraction: Buy Dips Toward 116 Target 



