FxWirePro: GBP/AUD moves lower on weak UK data 
AUDJPY Bulls Stay in Control: Buy the Dips Above 103.80 Targeting 106 
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed 
FxWirePro- Woodies Pivot(Major) 
FxWirePro- Major European Indices 
FxWirePro- Major Crypto levels and bias summary 
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K 
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185 
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212 
FxWirePro: USD/ZAR extends losses ,eyes 16.400 level 
FxWirePro- Major Crypto levels and bias summary 
NZDJPY Bulls Charge Ahead: Buying the Dips Above 90 for a Shot at 92 
FxWirePro- Woodies Pivot(Major) 
Yen Capitulation Sends GBPJPY to 17-Year Peak – 212.60 Next? 
FxWirePro- Major Pair levels and bias summary 
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865 
Ichimoku Analysis (4 Hour chart)
Tenken-Sen- $2374.63
Kijun-Sen- $2364.82
Gold gained momentum on board-based US dollar selling. It hit a high of $2397 yesterday and is currently trading around $2388.46.
US economic data -
US CPI- weak (positive for gold)
US retail sales- weak (Positive for gold)
Major economic data for the day
May 15th, 2024, US CPI, retail sales (12:30 pm GMT)May 16th, 2024, US jobless claims, Building permits, Philly Fed Manufacturing Index (12:30 pm GMT)
According to the CME Fed watch tool, the probability of a no-rate cut in June increased to 97.3% from 91.3% a week ago.
US dollar index- Bearish. Minor support around 104.50/103.75. The near-term resistance is 106/107.
Factors to watch for gold price action-
Global stock market- Bullish (negative for gold)
US dollar index - Bearish (positive for gold)
US10-year bond yield- Bearish (positive for gold)
Technical:
The near–term support is around $2368, a break below the targets of $2345/$2320/$2300. The yellow metal faces minor resistance around $2360 and a breach above will take it to the next level of $2375/$2400/$2420/$2450.
It is good to buy on dips around $2370-75 with SL around $2350 for TP of $2450
