FxWirePro- Major Pair levels and bias summary 
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption 
FxWirePro: GBP/AUD gains some upside momentum but still bearish 
FxWirePro- Woodies Pivot(Major) 
Euro Holds the Line: EURUSD Finds Support at the 365-EMA as Peace Talks Loom 
FxWirePro: GBP/USD biased higher but rally currently stretched 
Bitcoin’s Volatile Reset: ETFs Rebound as Bulls Eye USD 80,000 Milestone 
FxWirePro: EUR/CAD gains ground on prospects of resumed energy flows 
FxWirePro: EUR/AUD under pressure as key support gives way 
FxWirePro: USD/CAD recovers slightly but bearish outlook persists 
FxWirePro: USD/ZAR recovers slightly but trend is still bearish 
FxWirePro- Major Crypto levels and bias summary 
Energy Surge Ignites US Inflation: USDCHF Eyes Support Amid Dollar Sell-Off 
FxWirePro- Woodies Pivot(Major) 
FxWirePro: USD/CAD extends decline on broad dollar weakness 
Ethereum Consolidates: Bullish Technicals Point to a Potential $3,000 Breakout 
Ichimoku Analysis (4-hour chart)
Tenken-Sen- $1954.88
Kijun-Sen- $1961.09
Gold prices trade below $1950 on upbeat market sentiment. The Republic and Democratic leaders are optimistic about current negotiations and the deal to be finalized soon. hits a low of $1936.85 yesterday and is currently trading around $1947.92.
US Q1 GDP 2023 (second reading) came at 1.3% compared to a forecast of 1.1%. The number of people who have filed for unemployment benefits increased by 4000 in the week ending May 20, below the estimate of 249K.
Major economic data for the day
May 26th, 2023, US Core PCE index m/m (12:30 pm GMT)
Core Durable goods orders m/m (12:30 pm GMT)
Revised UoM consumer sentiment (2 pm GMT)
US dollar index- Bullish. Minor support around 102.30/101.50. The near-term resistance is 104.20/105.
According to the CME Fed watch tool, the probability of a 25 bpbs rate hike in June increased to 37.8% from 35.6% a week ago.
The US 10-year yield jumped more than 2% yesterday on our debt deal optimism. The US 10 and 2-year spread narrowed to -71% from -108%.
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 (Bearish Mixed for gold)
Technical:
The near–term support is around $1935, a break below targets of $1920/$1900.The yellow metal faces minor resistance around $1955, and a breach above will take it to the next level of $1970/$2000/$2020/$2040/$2070/$2100/$2150.
It is good to sell on rallies around $1955 with SL around $1970 for TP of $1920/$1900.
