Ichimoku Analysis (4-hour Chart)
Tenken-Sen- $1763.05
Kijun-Sen- $1778.18
Gold price is trading weak for the past five days on the strong US dollar. It hits three weeks high on aggressive rate hike expectations. Any jump above 108 confirms further bullishness. US Philly fed manufacturing index rose to 6.2 in Aug compared to an estimate of -5. The number of people who have filed for unemployment benefits dropped to 250000 below expectations of 265K.
According to the CME Fed watch tool, the probability of a 50 bpbs rate hike in Sep rose to 59.5% from 57% a week ago.
Factors to watch for gold price action-
Global stock market- Bullish (negative for gold)
US dollar index – Bullish (Negative for gold)
US10-year bond yield- Bullish (negative for gold)
Technical:
The near–term support is around $1750, a breach below targets $1740/$1720/$1700. Significant reversal only below $1650. The yellow metal faces minor resistance around $1820, breach above will take it to the next level of $1840/$1860/$1870.
It is good to sell on rallies around $1771-72 with SL at around $1800 for TP of $1740.


FxWirePro: GBP/AUD recovers some ground, geopolitics holds center stage
Pound Power Drives GBPJPY Past 214.50 — Buy-the-Dip Setup Targets 217
FxWirePro: AUD/USD eases amid uncertainty over the U.S.–Iran standoff
NZDJPY Dips to 95.10: Bulls Buy the Pullback as Key 93.50 Support Keeps Uptrend Intact
FxWirePro: USD/ZAR sell bias remains below key resistance zone
FxWirePro: AUD/USD steadies around 0.7185, US-Iran news remains key
FxWirePro: GBP/USD remains range-bound amid growing Middle East instability concerns
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/JPY remains in familiar place on intervention threat
ETH Cracks Below $2K: $241M ETF Selloff Sparks 14-Day Exodus as Bears Target $1,700
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD recovers some ground but bearish outlook persists
FxWirePro: USD/CNY dips as Yuan firms despite weak China factory data
EURJPY Extends 5-Day Winning Streak Toward 186 — Bulls Reload on Dips for 188 Target
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Crypto levels and bias summary 



