AUDJPY Powers Above 114.50 on Aussie Strength—Bulls Target 116.25 on Dips to 113.85 
ETH Cracks Below $2K: $241M ETF Selloff Sparks 14-Day Exodus as Bears Target $1,700 
NZDJPY Dips to 95.10: Bulls Buy the Pullback as Key 93.50 Support Keeps Uptrend Intact 
FxWirePro: GBP/AUD downside pressure builds, key support level in focus 
FxWirePro: USD/CNY dips as Yuan firms despite weak China factory data 
Bitcoin Bleeds $704M in ETF Outflows as Institutional Exodus Accelerates 
FxWirePro: GBP/NZD extends decline , vulnerable to more downside 
FxWirePro: EUR/AUD downward momentum remains in place 
FxWirePro: USD/JPY remains in familiar place on intervention threat 
FxWirePro: USD/ZAR recovers some ground but outlook is bearish 
Pound-Yen Roars Back Above 214: Bulls Reload for 216–217 Charge on Dip-Buying Setup 
FxWirePro- Woodies pivot (Major) 
Pound Power Drives GBPJPY Past 214.50 — Buy-the-Dip Setup Targets 217 
FxWirePro: GBP/USD edged higher as hopes for US-Iran deal boost riskier assets 
FxWirePro- Major Pair levels and bias summary 
Ichimoku Analysis (4-hour chart)
Tenken-Sen- $1693.93
Kijun-Sen- $1747.06
Gold recovered more than $30 after hitting a low of $1753. The minor pullback in the US dollar index and US treasury yields prevented yellow metal from further upside. Markets eye US President Biden and Chinese Premiere Xi Jinping meeting in G20 summit.
Major events today –
US Empire state manufacturing Index – 1:30 pm
US PPI- 1:30 pm
According to the CME Fed watch tool, the probability of a 50 bpbs rate hike in Dec increased to 80.6% from 52% a week ago.
The US 10-year yield lost more than 10% after hitting a high of 4.244%. The US 10 and 2-year spread narrowed to -52 basis points from -67 bpbs.
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- Bearish (Positive for gold)
Technical:
The near–term support is around $1740, a break below targets of $1720/$1700/$1680. The yellow metal faces minor resistance around $1775, the breach above will take it to the next level of $1800/$1840.Minor bullish continuation only if it breaks $1803.
It is good to buy on dips around $1760 with SL around $1740 for TP of $1800/$1840.
