Ichimoku Analysis (4-hour chart)
Tenken-Sen- $1770.29
Kijun-Sen- $1769.24
The gold price rebounded after hitting a low of $1755 yesterday. The demand for safe-haven assets after US House Speaker Nancy Pelosi visits Taiwan. The minor downtick in US 10-year bond yield supports the yellow metal at lower levels. Market eyes BOE monetary policy today for further direction. According to the CME Fed watch tool, the probability of a 75 bpbs rate hike in Sep rose to 40.50% from 29% a day ago.
US ISM services PMI rose to 56.7 in Jul compared to a forecast of 53.5.
Factors to watch for gold price action-
Global stock market- Mixed (neutral for gold)
US dollar index – Bullish (Negative for gold)
US10-year bond yield- Bullish (Negative for gold)
Technical:
The near–term support is around $1754, a breach below targets $1742/$1720/$1680.Significant reversal only below $1600. The yellow metal faces minor resistance around $1780, breach above will take it to the next level of $1790/$1803/$1820.
It is good to buy on dips for around $1750 with SL around $1735 for TP of $1800/$1820.


FxWirePro: USD/JPY upside capped as intervention risk limit upside
NZDJPY Dips to 95.10: Bulls Buy the Pullback as Key 93.50 Support Keeps Uptrend Intact
NZD/JPY Springs Off 38.2% Fib Support: Triple EMA “Buy the Dip” Setup Eyes 96.15–97
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD edged higher as hopes for US-Iran deal boost riskier assets
FxWirePro: USD/JPY remains in familiar place on intervention threat
FxWirePro: GBP/NZD extends decline , vulnerable to more downside
AUD/JPY Smashes Multi-Week Resistance at 114.73 After Prolonged Consolidation; Triple EMA Setup Targets 117
FxWirePro- Woodies pivot (Major)
FxWirePro: NZD/USD eases as Middle East tensions weigh on sentiment
BTC Craters Below All Key EMAs: $2.63B ETF Selloff Triggers 'Sell on Rallies' to $67K
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CAD bulls continue to hold the higher ground
FxWirePro: AUD/USD steadies around 0.7185, US-Iran news remains key
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
FxWirePro: GBP/AUD downside pressure builds, key support level in focus 



