FxWirePro- Major Pair levels and bias summary 
Sell the Rally: Gold Eyeing $4,000 as Dollar Strength Takes Control 
FxWirePro: EUR/AUD firms slightly, but outlook remains bearish 
FxWirePro: GBP/AUD struggle to extend its recovery, good to sell on rally 
NZDJPY Plunges Below 90 Amidst Broad New Zealand Dollar Weakness; Resistance at 90.80 Key for Downside Continuation 
FxWirePro: NZD/USD remains soft as US bond bloodbath dominates 
AUDJPY Tumbles Below 111 on Widespread Australian Dollar Weakness; Key Resistance at 112 Holds Firm 
FxWirePro- Woodies Pivot(Majors) 
USD/CHF Bulls Eye 0.8400 Breakout as Broad Dollar Demand Drives 100-Pip Surge 
FxWirePro: USD/CAD hits two month high as Canadian as retail sales post monthly decline 
FxWirePro: AUD/USD pressured by rising treasury yields, risk-off mood 
FxWirePro: GBP/NZD sustains gains as uptrend remains strong 
ETHUSD Surges Past $2700 on Strong Institutional Demand, Technicals Show Bullish Crossover Despite Cooling ETF Inflow Momentum 
FxWirePro- Woodies Pivot(Majors) 
FxWirePro: GBP/NZD steadies around 2.3350 , retains bid tone 
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Ichimoku Analysis (4 hour chart)
Tenken-Sen- $1955.21
Kijun-Sen- $1970.01
Gold showed a minor pullback above $1950 despite a strong US dollar. It hit a high of $1963 and is currently trading around $1957.99.
Fed Chairman Powell said at an event hosted by the IMF "If it becomes appropriate to tighten policy further, we will not hesitate to do so,"
The number of people who have filed for unemployment benefits in the week ending Nov 4th decreased by 3000 to 217000, above the forecast of 218000.
Major Economic data for the day
Nov 10 th 2023, Prelim UoM consumer sentiment (3:00 pm GMT)
US dollar index- Bearish. Minor support around 104.80/104. The near-term resistance is 106.25/107.50.
According to the CME Fed watch tool, the probability of a no-rate hike in Nov increased to 85.4% from 80% a week ago.
The US 10-year yield lost more than 10% from the multi-week top. The US 10 and 2-year spread widened to -44% from -16%.
Factors to watch for gold price action-
Global stock market- Bearish (positive for gold)
US dollar index - Bearish (positive for gold)
US10-year bond yield- Bearish (positive for gold)
Technical:
The near–term support is around $1945, a break below targets of $1926/$1900. The yellow metal faces minor resistance around $19 and a breach above will take it to the next level of $2020/$2048.
It is good to sell on rallies around $1968-70 with SL around $1980 for TP of $1950/$1930.
