Ichimoku analysis (4-Hour chart)
Tenken-Sen- $1792
Kijun-Sen- $1808
Gold continues to trade lower for third consecutive days on strong US dollar. The US dollar index is holding well above 200-4H EMA, a jump till 93 is possible. Markets eye ECB Pandemic emergency purchase program for further direction. The minor decline in US treasury yields is preventing the yellow metal from further fall. It hits a low of $1792 yesterday and is currently trading around $1787.
Factors to watch for gold price action-
Global stock market- Bearish (positive for gold)
US dollar index – Bullish (negative for gold)
US10-year bond yield- Bearish (positive for gold)
Technical:
The immediate resistance is around $1810 and a convincing break above will take the yellow metal $1818/$1835/$1850 if possible. It is facing strong support at $1780, violation below targets $1770/$1750.
It is good to buy on dips at $1770 with SL around $1758 for TP of $1835.


FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/JPY nears 160 as intervention risk intensifies
FxWirePro: EUR/AUD dips towards 1.6200 level, scope for further downside
NZDJPY Catches Its Breath: Bulls Defend 94 Floor With Sights Set on 96–97
FxWirePro: GBP/USD range-bound as Iran uncertainty keeps traders cautious
FxWirePro: EUR/ NZD stuck in range but outlook is bearish
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Pair levels and bias summary
GBP/JPY Bulls Reload at 214: Triple EMA Support Eyes 216–217 Breakout
AUDJPY Extends Five-Day Rampage to Near 115 as Yen Crumbles; Bulls Target 116–117
Euro-Yen Retreats From 186.20 Peak, but Bulls Reload for a Run at 188
FxWirePro: NZD/USD hovers near one-week low, outlook bearish
FxWirePro: GBP/NZD edges higher but outlook is bearish
FxWirePro: GBP/AUD regains upwards momentum but unable to hold above 38.2% fib
FxWirePro- Major Crypto levels and bias summary 



