Ichimoku Analysis (4-Hour Chart)
Tenken-Sen- $1765.26
Kijun-Sen- $1744.43
Gold price correcting from minor top $1802.57 on strong US dollar. It has pared some of its gains ahead of US durable goods orders and the Fed chairman's speech at Jackson hole. Any close above 109.30 confirms further bullishness.
US Flash services and manufacturing PMI dropped to 44.1 and 51.3, well below expectations. US new home sales slumped to a 6-1/2 year low to 511K compared to an estimated 574K. US Richmond manufacturing slowed down to -8 vs forecast of -4.
According to the CME Fed watch tool, the probability of a 75 bpbs rate hike in Sep rose to 50% from 41% a week ago.
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 $1720, a breach below targets $1700/$1650. Significant reversal only below $1650. The yellow metal faces minor resistance around $1760, breach above will take it to the next level of $1775/$1800/$1820.
It is good to sell on rallies around $1760-61 with SL at around $1781 for TP of $1700.


FxWirePro: EUR/AUD holds narrow range, focus on near-term Support
EURJPY Extends 5-Day Winning Streak Toward 186 — Bulls Reload on Dips for 188 Target
FxWirePro: GBP/NZD extends decline , vulnerable to more downside
ETH Cracks Below $2K: $241M ETF Selloff Sparks 14-Day Exodus as Bears Target $1,700
FxWirePro: USD/JPY remains in familiar place on intervention threat
FxWirePro: GBP/USD remains range-bound amid growing Middle East instability concerns
FxWirePro- Major Pair levels and bias summary
AUDJPY Powers Above 114.50 on Aussie Strength—Bulls Target 116.25 on Dips to 113.85
FxWirePro: USD/ZAR sell bias remains below key resistance zone
FxWirePro: EUR/AUD downward momentum remains in place
FxWirePro: GBP/NZD recovers some ground but bearish outlook persists
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CNY dips as Yuan firms despite weak China factory data
FxWirePro: AUD/USD steadies around 0.7185, US-Iran news remains key
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/CAD bulls continue to hold the higher ground 



