Ichimoku Analysis (4-hour chart)
Tenken-Sen- $1913
Kijun-Sen- $1903.33
Gold regained above $1915 amid US dollar weakness. US dollar index halted its six days of the bullish trend and showed a minor profit booking. The yellow metal struggling in the near term due to Fed monetary policy. According to the Fed watch tool, the probability for a 50 bpbs rate hike in May has increased to 98.7% from 97.1% a day ago. It hits an intraday high of $1917 and is currently trading around $1916.15.
Markets eye US PCE data for further direction.
Factors to watch for gold price action-
Global stock market- Bearish (positive for gold)
US dollar index –Bearish (negative for gold)
US10-year bond yield- Bullish (negative for gold)
Technical:
The near–term support is around $1890, a breach below targets $1870/$1850. Significant reversal only below $1750.The yellow metal faces strong resistance of $1920, any breach above will take to the next level $1932/$1950/$1970.
It is good to sell on rallies around $1958-60 with SL around $2000 for TP of $1800.


FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD remains range-bound amid growing Middle East instability concerns
AUD/JPY Smashes Multi-Week Resistance at 114.73 After Prolonged Consolidation; Triple EMA Setup Targets 117
NZD/JPY Springs Off 38.2% Fib Support: Triple EMA “Buy the Dip” Setup Eyes 96.15–97
ETH Cracks Below $2K: $241M ETF Selloff Sparks 14-Day Exodus as Bears Target $1,700
FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/USD eases amid uncertainty over the U.S.–Iran standoff
FxWirePro: EUR/AUD holds narrow range, focus on near-term Support
FxWirePro: USD/JPY upside capped as intervention risk limit upside
FxWirePro: NZD/USD eases as Middle East tensions weigh on sentiment
Pound Power Drives GBPJPY Past 214.50 — Buy-the-Dip Setup Targets 217
EURJPY Extends 5-Day Winning Streak Toward 186 — Bulls Reload on Dips for 188 Target
FxWirePro: GBP/NZD recovers some ground but bearish outlook persists
ETH Cracks $2,000: $241M Institutional Exodus From Spot ETFs Sends Bears Hunting $1,700
FxWirePro: USD/CAD steadies around 1.3840 ,retains bid one
FxWirePro: EUR/ NZD stuck in range but outlook is bearish 



