Ichimoku Analysis (4-hour chart)
Tenken-Sen- $1924.31
Kijun-Sen- $1935.39
Gold prices showed a massive sell-off after Powell's testimony and rate hike by major central banks. US Fed chairman Powell reaffirmed that two more hikes have dragged gold further down this year. The hawkish testimony by Powell has pushed the dollar higher. It hits a low of $1910.40 and is currently trading around $1912.67.
The Bank of England has surprised markets with a 50 bpbs rate hike to 5%, its highest since 2008. The SNB hiked the rate by 25 bpbs to 1.75% in line with expectations.
The number of people who have filed for unemployment benefits remains steady at 264000, slightly above the forecast of 261000.
US dollar index- weak. Minor support around 101.80/101. The near-term resistance is 103/103.85.
According to the CME Fed watch tool, the probability of a 25 bpbs rate hike in July decreased to 76.9% from 67% a week ago.
The US 10-year yield recovered after hawkish comments from the fed chairman. The US 10 and 2-year spread widened to -100% from -35%.
Factors to watch for gold price action-
Global stock market- bullish (negative for gold)
US dollar index - mixed (neutral for gold)
US10-year bond yield- Bullish (Bearish for gold)
Technical:
The near–term support is around $1900, a break below targets of $1878/$1868.The yellow metal faces minor resistance around $1925; a breach above will take it to the next level of $1934/$1942/$1950.
It is good to sell on rallies around $1960-61 with SL around $1975 for TP of $1920/$1900.


FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
FxWirePro- Major Crypto levels and bias summary
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
FxWirePro- Major European Indices
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
FxWirePro- Woodies Pivot(Major)
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major Pair levels and bias summary
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish 



