FxWirePro- Major Crypto levels and bias summary 
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865 
FxWirePro: GBP/AUD moves lower on weak UK data 
FxWirePro- Major European Indices 
FxWirePro- Woodies Pivot(Major) 
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185 
FxWirePro- Woodies Pivot(Major) 
FxWirePro: USD/ZAR edges higher but bearish outlook persists 
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike 
FxWirePro: GBP/USD dips lower on negative UK retail sales data 
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed 
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact 
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K 
FxWirePro: GBP/NZD retreats slightly but trend is still bullish 
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 
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains 
Ichimoku Analysis (4 hour chart)
Tenken-Sen- $2030.13
Kijun-Sen- $2078.26
Gold showed a minor pullback ahead of US NFP data. It hit a high of $2039.99 and is currently trading around $2031.80.
The number of people who have filed for unemployment benefits rose by 1000 to 220K for the week ending Dec 2.
Major economic data for the day
Dec 8th, 2023, US NFP (1:30 pm GMT)
US dollar index- Neutral. Minor support around 102/100. The near-term resistance is 104.40/105.
According to the CME Fed watch tool, the probability of a no-rate hike in Dec increased to 98.60% from 97.1% a week ago.
The US 10-year yield jumped slightly ahead of US NFP data. The US 10 and 2-year spread widened to -44.5% from -14.50%.
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- Bearish (Positive for gold)
Technical:
The near–term support is around $2020, a break below targets of $2000/$1970/$1950. The yellow metal faces minor resistance around $2050 and a breach above will take it to the next level of $2075/$2100/$2150.
It is good to buy on dips around $2000 around with SL around $1980 for TP of $2150.
