Ichimoku analysis (4-hour chart)
Tenken-Sen- $1733.69
Kijun-Sen- $1737.45
Gold is trading in a narrow range between $1755 and $1719 for the past four days. The strong US dollar is putting pressure on yellow metal at higher levels. The slight cool-off in USA bond yield from a multi-year high is preventing the gold from major selling. US dollar index is holding well above 92, significant trend continuation only if it surges past 92.50 level. The demand for safe-haven has increased slightly after Germany and Netherlands extend their lockdown.
Economic data:
Market eyes US Core durable goods orders, flash manufacturing PMI data today for further direction.
Technical:
It is facing strong support at $1722 (100-4H MA), violation below targets $1714/$1700/$1685. 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 $1720-21 with SL around $1700 for the TP of $1760.


USD/CHF Bears in Control: Dips Below 0.7870 Signal More Downside Ahead
EUR/GBP Holiday Slumber: Bearish Bias Intact Below 0.8800 Resistance
FxWirePro: USD/JPY extends falls as Japanese yen extends rally after hawkish BoJ minutes
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
CAD/JPY Holds Positive Bias Despite Canada’s Sharp GDP Contraction: Buy Dips Toward 116 Target
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
FxWirePro: AUD/USD gaining momentum for a move towards 0.6800 level
FxWirePro: EUR/AUD slips following RBA minutes , plunge to test a key fibo grows
FxWirePro: USD/CAD dips below lower range, bearish bias increases
FxWirePro: EUR/CAD extends fall, vulnerable to more downside
NZDJPY: Sell the Rallies as Bears Guard 92 and Range Trade Persists
FxWirePro: USD/CNY hits 15-month low , scope for further downside
FxWirePro- Major Crypto levels and bias summary 



