Ethereum Tumbles Below $2K: Bears Eye $1,700 as All Key EMAs Flip Red 
FxWirePro- Woodies pivot (Major) 
FxWirePro: NZD/USD gains as hawkish RBNZ comments boost Kiwi dollar 
FxWirePro: USD/ZAR sell bias remains below key resistance zone 
Pound-Yen Roars Back Above 214: Bulls Reload for 216–217 Charge on Dip-Buying Setup 
FxWirePro- Major Pair levels and bias summary 
USD/CHF Smashes Higher to 0.7899 on Dollar Dominance—Bulls Bet on 0.7865 Dips for 0.8000 Breakout 
FxWirePro: EUR/AUD downward momentum remains in place 
NZD/JPY Breakout Blast: Kiwi Rocket Smashes 94.50 Resistance, Bulls Lock Sights on 95 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: GBP/USD recovers some ground but bears are not done yet 
FxWirePro: USD/CNY bears maintain upper hand 
Bitcoin Bleeds $704M in ETF Outflows as Institutional Exodus Accelerates 
FxWirePro: GBP/AUD downside pressure builds, key support level in focus 
EUR/JPY Bulls Hold the Line Above 185: Eyes Locked on 188 Breakout 
Ichimoku Analysis (4- Hour chart)
Tenken-Sen- $1955.91
Kijun-Sen- $1940.30
Gold trading flat ahead of US Non-farm payroll. It hits a low of $1929.60 and is currently trading around $1936.09.
Bank of England hiked rates by 25 bpbs as expected to 5.25% to tackle inflation. The central bank said it would keep rates higher until UK inflation comes under control.
The number of people who have filed for unemployment benefits rose by 6000 to 227000 in the week ending July 29, in line with an estimate 226000.
Aug 4th, 2023, Non-farm employment change (12:30 pm GMT)
Unemployment rate(12:30 pm GMT)
US dollar index- Bullish. Minor support around 102/101. The near-term resistance is 103/104.
According to the CME Fed watch tool, the probability of a no-rate hike in Sep increased to 82.50% from 78% a week ago.
The US 10-year yield gained sharply ahead of US NFP data. The US 10 and 2-year spread narrowed to -73.10 from -110%.
Factors to watch for gold price action-
Global stock market- bullish (negative for gold)
US dollar index - Bullish (bearish for gold)
US10-year bond yield- Bearish (negative for gold)
Technical:
The near–term support is around $1930, a break below targets of $1920/$1900. The yellow metal faces minor resistance around $1940 and a breach above will take it to the next level of $1955/$1970/$1985.
It is good to sell on rallies around $1950 with SL around $1960 for TP of $1900.
