Ichimoku Analysis (4-Hour chart)
Tenken-Sen- $1830.98
Kijun-Sen- $1832.44
Gold price lost its shine as risk appetite picked up. The global stock market rally and a minor pullback in US treasury yield also put pressure on the yellow metal.G7 countries planning to impose sanctions on Russia is positive news for the precious metal. According to the CME Fed watch tool, the probability of a 75 bpbs rate hike in Jul rose to 92.7% from 88.7% a week ago. It hits a low of $1816 the previous week and is currently trading around $1835.50.
The US durable goods orders rose for a second consecutive month by 0.7% in May above the estimate of 0%. The US pending home sales rose unexpectedly by 0.7% last month vs. a forecast of -3.5%.
Markets eye CB Consumer confidence and Richmond Manufacturing index for further direction.
Factors to watch for gold price action-
Global stock market- Bullish (negative for gold)
US dollar index – Bearish (positive for gold)
US10-year bond yield- Bullish (negative for gold)
Technical:
The near–term support is around $1815, a breach below targets $1800/$1750. Significant reversal only below $1750. A dip to $1700/$1689 is possible. The yellow metal faces minor resistance around $1850, any breach above will take to the next level $1875/$1900/$1920.
It is good to sell on rallies around $1838-40 with SL around $1875 for TP of $1800/$1787.


FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/JPY upside capped as intervention risk limit upside
ETH Cracks Below $2K: $241M ETF Selloff Sparks 14-Day Exodus as Bears Target $1,700
ETH Cracks $2,000: $241M Institutional Exodus From Spot ETFs Sends Bears Hunting $1,700
NZD/JPY Springs Off 38.2% Fib Support: Triple EMA “Buy the Dip” Setup Eyes 96.15–97
Bitcoin Cracks Below $70K: ETF Bloodbath and Iran Tensions Spark Bearish Breakdown as Bears Eye $67K
GBP/JPY Holds the 215 Line as Yen Momentum Fades; Triple EMA Bulwark Eyes 217
FxWirePro: AUD/USD eases amid uncertainty over the U.S.–Iran standoff
Pound Power Drives GBPJPY Past 214.50 — Buy-the-Dip Setup Targets 217
FxWirePro: USD/CNY dips as Yuan firms despite weak China factory data
NZDJPY Dips to 95.10: Bulls Buy the Pullback as Key 93.50 Support Keeps Uptrend Intact
BTC Craters Below All Key EMAs: $2.63B ETF Selloff Triggers 'Sell on Rallies' to $67K
AUD/JPY Smashes Multi-Week Resistance at 114.73 After Prolonged Consolidation; Triple EMA Setup Targets 117 



