FxWirePro: USD/ZAR sell bias remains below key resistance zone 
Pound Power Drives GBPJPY Past 214.50 — Buy-the-Dip Setup Targets 217 
NZDJPY Dips to 95.10: Bulls Buy the Pullback as Key 93.50 Support Keeps Uptrend Intact 
EUR/JPY Bulls Hold the Line Above 185: Eyes Locked on 188 Breakout 
FxWirePro- Major Crypto levels and bias summary 
ETH Cracks Below $2K: $241M ETF Selloff Sparks 14-Day Exodus as Bears Target $1,700 
FxWirePro: GBP/AUD downside pressure builds, key support level in focus 
FxWirePro: GBP/AUD recovers some ground, geopolitics holds center stage 
FxWirePro: USD/CAD bulls continue to hold the higher ground 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: EUR/AUD downward momentum remains in place 
FxWirePro: USD/JPY remains in familiar place on intervention threat 
FxWirePro: GBP/NZD extends decline , vulnerable to more downside 
FxWirePro: USD/ZAR recovers some ground but outlook is bearish 
EURJPY Extends 5-Day Winning Streak Toward 186 — Bulls Reload on Dips for 188 Target 
FxWirePro- Major Pair levels and bias summary 
Ichimoku Analysis (4-hour Chart)
Tenken-Sen- $1673.79
Kijun-Sen- $1669.61
Gold pared some of its gains after hitting a high of $1679. The surge in US treasury yields in hopes of 75 bpbs rate hike by Fed in Sep 24th, 2022 meeting. Markets eye building permits and Housing starts for further movement. US dollar index recovered from a low of 109.45 ahead of the US-fed monetary policy meeting.
According to the CME Fed watch tool, the probability of a 75 bpbs rate hike in Sep dropped to 80% from 69% 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 $1650, a close below targets $1620/$1598.The yellow metal faces minor resistance around $1680, breach above will take it to the next level of $1720/$1735. Minor bullish continuation only if it breaks $1740.
It is good to buy on dips around $1650 with SL around $1630 for TP of $1700.
