FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains 
FxWirePro- Woodies Pivot(Major) 
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption 
FxWirePro: USD/ZAR edges higher but bearish outlook persists 
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed 
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains 
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212 
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185 
FxWirePro:EUR/AUD eases but bullish outlook persists 
FxWirePro: GBP/USD dips lower on negative UK retail sales data 
FxWirePro: GBP/AUD moves lower on weak UK data 
FxWirePro- Major European Indices 
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K 
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike 
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook 
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865 
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116 
Ichimoku Analysis (4-hour chart)
Tenken-Sen- $1920.58
Kijun-Sen- $1912.03
Gold prices showed a minor pullback on short covering. The yellow metal was poorly performed in the past two months on hawkish rate hikes by major central banks. It hits a high of $1930.76 and currently trading around $1928.90.
US ISM manufacturing PMI declined in June to 46, compared to a forecast of 47.20 expected (Positive for gold).
US dollar index- weak. Minor support around 101.80/101. The near-term resistance is 103.60/104.40.
According to the CME Fed watch tool, the probability of a 25 bpbs rate hike in July increased to 87.40% from 76.90% a week ago.
The US 10-year yield pared some of its gains on weak US ISM manufacturing PMI. The US 10 and 2-year spread widened to -108.50% 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 $1890, a break below targets of $1878/$1868/$1850.The yellow metal faces minor resistance around $1930; a breach above will take it to the next level of $1936/$1942/$1950/$1955.
It is good to sell on rallies around $1928-30 with SL around $1950 for TP of $1878.
