FxWirePro- Gold Daily Outlook
Ichimoku Analysis (4-hour chart)
Tenken-Sen- $1832.50
Kijun-Sen- $1834.60
Gold prices lost their shine after the hawkish Fed chairman speech. It shows that Fed is likely to increase rates more than anticipated. Fed chairman said that the central bank is also "prepared to increase the pace of rate hike. Gold hits a low of $1810.68 and is currently trading around $1810.44.
SNB Chief Jordan said that the Swiss National bank has not taken any aggressive action to calm down inflation and warns more rate hikes.
Major economic data today
US ADP employment data (1:15 pm GMT)
BOC rate statement (3:00 pm GMT)
ECB president Lagarde's speech (10:00 am GMT)
US dollar index-Bullish. Minor support around 105.30/104.60. The near-term resistance is 106/107.
According to the CME Fed watch tool, the probability of a 50 bpbs rate hike in Mar surged to 74.9% from 24% a week ago.
The US 10-year yield showed a minor pullback and holds above 4% after the hawkish Fed Chairman's Speech. The US 10 and 2-year spread widened to -107.2 basis points from -77% bpbs.
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 $1800, a break below targets of $1788/$1748. The yellow metal faces minor resistance around $1822, and a breach above will take it to the next level of $1840/$1860/$1888/$1900.
It is good to sell on rallies around $1828-30 with SL around $1850 for TP of $1760/$1748.


CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
FxWirePro: GBP/USD climbs above 1.34 after BoE's relatively hawkish cut
EUR/JPY Holds Bullish Bias Post-ECB Pause: Buy Dips Toward 185 as 182 Support Stands Firm
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
FxWirePro- Woodies Pivot(Major)
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
AUD/JPY Stalls Ahead of BOJ Decision: Sell on Rallies as Bearish Bias Holds Below 103.70
FxWirePro: NZD/USD dips as stronger U.S. dollar offsets NZ Q3 GDP surprise
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
FxWirePro: GBP/NZD retreats slightly but trend is still bullish 



