Ichimoku Analysis (4-Hour chart)
Tenken-Sen- $1867.50
Kijun-Sen- $1847.25
Gold showed a minor profit booking after hitting an 8-month high. The yellow metal holds above $1900 as US President Biden announced sanctions on Russia for beginning invasion of Ukraine. US 10-year yield inched higher by more than 5% putting pressure on precious metals. Gold hits a low of $1891 and is currently trading around $1896.77.
US conference board consumer confidence declined again in Feb to 110.50 from 111.10 the previous month.
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- Bullish (negative for gold)
Technical:
The near–term support is around $1875, violation below targets $1858/$1840. Significant reversal only below $1750.The yellow metal faces strong resistance of $1920, any violation above will take to the next level $1935/$1960.
It is good to buy on dips for $1880 with SL around $1870 for TP of $1930.


FxWirePro: AUD/USD eases amid uncertainty over the U.S.–Iran standoff
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CAD bulls continue to hold the higher ground
AUD/JPY Smashes Multi-Week Resistance at 114.73 After Prolonged Consolidation; Triple EMA Setup Targets 117
FxWirePro: USD/JPY nears 160 as intervention risk intensifies
FxWirePro- Woodies pivot (Major)
GBPJPY Takes a Breather at 215 After Three-Week Rampage; Bulls Reload for 216–217
NZDJPY Catches Its Breath: Bulls Defend 94 Floor With Sights Set on 96–97
FxWirePro: EUR/AUD dips towards 1.6200 level, scope for further downside
FxWirePro: GBP/USD remains range-bound amid growing Middle East instability concerns
FxWirePro: GBP/NZD edges higher but outlook is bearish
FxWirePro: USD/JPY upside capped as intervention risk limit upside
FxWirePro: GBP/NZD recovers some ground but bearish outlook persists
NZD/JPY Springs Off 38.2% Fib Support: Triple EMA “Buy the Dip” Setup Eyes 96.15–97
FxWirePro :AUD/USD softens as GDP slightly undershoots forecast
FxWirePro: NZD/USD dips as Middle East tensions weigh on sentiment 



