Ichimoku analysis (4-hour chart)
Tenken-Sen- $1865
Kijun-Sen- $1873.50
Gold declined sharply and hits the lowest level since May 17th, 2021. Markets eye US Fed monetary policy for further direction. The investor will focus on the statement of tapering of the bond-buying program. The minor pullback in the US dollar index also putting pressure on yellow metal at higher levels. The major economic data to be watched are US retail sales. The US bond yields surged slightly after the major sell-off to 1.43% after upbeat inflation data is preventing the yellow metal from further downside. Gold hits an intraday low of $1866 and is currently trading around $1865.02.
Technical:
It is facing strong support at $1845, violation below targets $1835/$1820/$1790.Significant trend continuation only below $1675. On the higher side, near-term resistance is around $1873, any convincing break above will take the yellow metal to $1882/$1903/$1916 is possible.
It is good to sell on rallies around $1875-76 with SL around $1900 for the TP of $1802.


FxWirePro: GBP/NZD bulls loosen their grip a bit, dips to be bought
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major European Indices
AUDJPY: Buy-the-Dip Strategy Intact Above 103.80 Despite Profit-Taking Pullback
FxWirePro: USD/ZAR extends losses ,eyes 16.400 level
FxWirePro: GBP/USD advances on steady UK GDP growth
FxWirePro- Woodies Pivot(Major)
NZDJPY: Bearish Signals Sell-on-Rally Opportunity Below 92
FxWirePro- Major Pair levels and bias summary
Pound Strike Forces EURGBP Retreat – Next Stop 0.8660?
Yen Capitulation Sends GBPJPY to 17-Year Peak – 212.60 Next?
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major US Indices
0.7870 Break Looms – Next Stop 0.7800 for USDCHF?
FxWirePro-Major European Indices
FxWirePro: EUR/NZD runs out of steam but maintains bullish outlook 



