Ichimoku Analysis (4-hour)
Tenken-Sen- $1936
Kijun-Sen- $1958
Gold continues to trade lower for fifth consecutive days and lost more than $80 ahead of Fed monetary policy. Fed fund futures shows that traders expect a 100% chance of a 25 bpbs rate hike in Mar meeting, 50 bpbs rate hike got reduced from 48% to 13% after Russia invaded Ukraine. Gold hits a low of $1907.07 and is currently trading around $1915.87.
US Producer rose 0.80% MoM in Feb compared to a forecast of 1.0%.
Factors to watch for gold price action-
Global stock market- Bearish (positive for gold)
US dollar index –Bullish (negative for gold)
US10-year bond yield- Bullish (negative for gold)
Technical:
The near–term support is around $1900, violation below targets $1877/$1850/$1800. Significant reversal only below $1750.The yellow metal faces strong resistance of $1945, any violation above will take to the next level $1960/$1977/$2000/$2020.
It is good to sell on rallies around $1929-30 with SL around $1950 for TP of $1880.


BTC, ETH, SOL, XRP, and BNB: Major Crypto Pairs Stay Neutral
FxWirePro- Woodies pivot (Major)
NZDJPY Action Bias: Bullish Dip-Buying Opportunity on Broad Yen Weakness
Major Pairs Action Bias: USDCHF Emerges Extremely Bullish as EURUSD and GBPUSD Turn Deeply Bearish
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR uptrend loses steam, remains on bullish path
FxWirePro: USD/CAD positions for another climb, eyes 1.4150 level
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/USD downtrend loses steam but outlook still bearish
AUDJPY Action Bias: Bullish Dip-Buy Setup Despite Flat Neutral Bias
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/CNY dips as yuan firms on improving risk appetite
FxWirePro: GBP/NZD downside pressure builds, key support levels in focus
Major Pair Action Bias: Bullish Pairs to Watch Out For
FxWirePro: EUR/NZD downside pressure builds, key support level in focus 



