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FxWirePro: GBP/NZD gains some ground but outlook is bearish 
FxWirePro: USD/ZAR retreats slightly but bias is bullish 
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FxWirePro- Major Pair levels and bias summary 
FxWirePro- Woodies pivot (Major) 
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FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption 
FxWirePro: EUR/NZD firms after ECB holds rates steady at 2.25% 
FxWirePro: GBP/AUD bears maintain upper hand 
FxWirePro- Major Crypto levels and bias summary 
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FxWirePro: USD/CAD edges lower but bullish outlook persists 
Ichimoku Analysis (4-hour chart)
Tenken-Sen- $1920.88
Kijun-Sen- $1923.92
Gold prices pared some of their gains on upbeat US economic data. US durable goods orders surged 1.7% m/m, above the forecast of -1%. US Conference Board consumer confidence rose to 109.70 in June from 102.50 in May. Sales of new US single-family homes increased to 763000 in May, the highest level in 1-1/2 years. It hits a low of $1911 and currently trading around $1915.58.
Major economic data for the day
US Fed Powell speech (1:30 pm GMT)
ECB Lagarde Speaks (3:00 pm GMT)
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 increased to 76.9% from 74.40% a day ago.
The US 10-year yield showed a minor pullback after upbeat US data. The US 10 and 2-year spread widened to -98.7% from -94.8%.
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 $1937, and a breach above will take it to the next level of $1942/$1950/$1955.
It is good to sell on rallies around $1940-41-with SL around $1952 for TP of $1900.
