Ichimoku analysis (4-Hour chart)
Tenken-Sen- $1755.58
Kijun-Sen- $1758.58
Gold has shown a minor pullback after hitting a low of $1745.The minor weakness in the US dollar and US treasury is supporting the yellow metal. The US dollar index has once again declined after hitting a high of 94.44. Any surge past 94.50 confirms a bullish continuation. The stronger ADP jobs data has increased hopes of tapering by the Fed. The overall trend is still on the downside as long as resistance $1835 holds.
Economic Data-
US ADP private payrolls increased by 568000 in September much above expectations of 475000.
The factors dragging the gold prices are
USDJPY-
The yen and gold are 90% positively correlated to each other. USDJPY is holding above 111 on board-based US dollar buying.
Technical:
The immediate resistance is around $1770 and a convincing break above will take the yellow metal to $1787/$1800. It is facing strong support at $1750, violation below targets $1740/$1720.
It is good to sell on rallies around $1770-71 with SL around $1787 for TP of $1675.


FxWirePro: USD/JPY nears 160 as intervention risk intensifies
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/ZAR shows upside momentum, but bearish outlook remains
GBP/JPY Holds the 215 Line as Yen Momentum Fades; Triple EMA Bulwark Eyes 217
FxWirePro: GBP/AUD regains upwards momentum but unable to hold above 38.2% fib
FxWirePro: GBP/USD falls to two-day low, scope for further downside
FxWirePro- Major Pair levels and bias summary
ETH Cracks $2,000: $241M Institutional Exodus From Spot ETFs Sends Bears Hunting $1,700
NZDJPY Catches Its Breath: Bulls Defend 94 Floor With Sights Set on 96–97
Bitcoin Cracks Below $70K: ETF Bloodbath and Iran Tensions Spark Bearish Breakdown as Bears Eye $67K
FxWirePro: GBP/USD range-bound as Iran uncertainty keeps traders cautious
FxWirePro: AUD/USD edges lower as risk appetite sours on Geopolitical woe
FxWirePro: EUR/AUD dips towards 1.6200 level, scope for further downside
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies pivot (Major) 



