Gold Prices Rise as Markets Await Trump’s Policy Announcements 
FxWirePro: EUR/AUD set To for bigger drop, but close below key fibo needed 
Why your retirement fund might soon include cryptocurrency 
FxWirePro: GBP/AUD positions for another drop, eyes 2.0100 level 
Elliott Investment Management Takes Significant Stake in BP to Push for Value Growth 
FxWirePro: USD/CAD downside pressure builds, key support level in focus 
South Korea to End Short-Selling Ban as Financial Market Uncertainty Persists 
Do investment tax breaks work? A new study finds the evidence is ‘mixed at best’ 
China’s Growth Faces Structural Challenges Amid Doubts Over Data 
FxWirePro: EUR/NZD neutral in the near-term, scope for downward resumption 
NZDJPY Eyes Higher Ground: Buy the Dips as Bulls Defend 88.70 Support 
Bitcoin Hits $100K Milestone Amid Optimism Over Trump Policies 
FxWirePro- Woodies Pivot(Major) 
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 
FxWirePro: AUD/USD consolidates gains ,remains on positive footing 
China's Refining Industry Faces Major Shakeup Amid Challenges 
Ichimoku Analysis (Weekly Chart)
Tenken-Sen- $1788
Kijun-Sen- $1678
Gold continuously trading on the higher side for the past four months and jumped more than $500 on safe-haven demand. The dovish Fed has dragged the US dollar index further down and hovering near 2- year low. The pandemic has started in Feb, the number of cases in the world crossed 17.5 million and deaths nearing 6.70 million.
Gold Vs. US yield.
US Bond yield:
The U.S 10 year bond yield lost more than 40% from the minor top 0.95% made on un 2020. It has inched lower to around 0.573% at the time of writing. The dovish Fed might drag the yield further down till 0.36% low made on Mar 9th, 2020. Technically in the Weekly chart, it is facing bullish divergence and minor recovery in yield will be possible. The US 2-year yield trading at a near-record low and spread between US 10- and 3 months narrowed to 0.47%% from 1.81%.
US Dollar Index - bearish and hits 2- year low (positive for yellow metal)
S&P500- bullish (positive for gold)
US Bond yield- weak but oversold (slightly negative for gold)
Technical:
The yellow metal is in the overbought zone and minor profit booking till $1900 is possible. The near term resistance is around $2000, the violation above will take the pair to the next level till $2025/$2040.
The immediate support is around $1930, any indicative break beneath targets $1900/$1859.
It is good to sell on rallies around $1960-63 with SL around $1981 for the TP at $1900.
