EUR/JPY Bulls Hold the Line Above 185: Eyes Locked on 188 Breakout 
USD/CHF Smashes Higher to 0.7899 on Dollar Dominance—Bulls Bet on 0.7865 Dips for 0.8000 Breakout 
FxWirePro: USD/CAD slips as Canadian dollar firms on hopes for US-Iran ceasefire deal 
FxWirePro: GBP/NZD extends decline , vulnerable to more downside 
FxWirePro: GBP/AUD downside pressure builds, key support level in focus 
Ethereum Tumbles Below $2K: Bears Eye $1,700 as All Key EMAs Flip Red 
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: EUR/AUD downward momentum remains in place 
Bitcoin Bleeds $704M in ETF Outflows as Institutional Exodus Accelerates 
FxWirePro: NZD/USD gains as hawkish RBNZ comments boost Kiwi dollar 
FxWirePro: EUR/ NZD dips below lower range, bearish bias increases 
FxWirePro: USD/JPY edges higher but bulls lack punch 
FxWirePro: GBP/AUD downside pressure builds, key support level in focus 
FxWirePro- Woodies pivot (Major) 
FxWirePro: USD/CNY bears maintain upper hand 
FxWirePro: GBP/USD edged higher as hopes for US-Iran deal boost riskier assets 
Ichimoku Analysis (4- Hour chart)
Tenken-Sen- $1895.57
Kijun-Sen- $1900.70
Gold holds below $1900 on a surge in US treasury yields. It hit a low of $1885 yesterday and is currently trading around $1891.50.
The number of people who have filed for unemployment benefits declined by 11000 to 239000 for the week ending Aug 12th, 2023, compared to a forecast of 240000. US Philly fed manufacturing index jumped to 12 vs -10 expected.
US dollar index- Bullish. Minor support around 102/101. The near-term resistance is 103.50/105.
According to the CME Fed watch tool, the probability of a no-rate hike in Sep decreased to 88.5% from 90% a week ago.
The US 10-year yield pared some of its gains after hitting a multi-week high. The US 10 and 2-year spread narrowed to -67% 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- Bullish (negative for gold)
Technical:
The near–term support is around $1885, a break below targets of $1847/$1820. The yellow metal faces minor resistance around $1920 and a breach above will take it to the next level of $942/$1950.
It is good to buy on dips around $1890 with SL around $1870 for TP of $1950.
