USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865 
FxWirePro: USD/ZAR edges higher but bearish outlook persists 
FxWirePro:EUR/AUD eases but bullish outlook persists 
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike 
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185 
FxWirePro- Major Pair levels and bias summary 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains 
FxWirePro- Woodies Pivot(Major) 
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K 
FxWirePro- Woodies Pivot(Major) 
FxWirePro- Major Crypto levels and bias summary 
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212 
FxWirePro: GBP/AUD moves lower on weak UK data 
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92 
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116 
Ichimoku analysis (Weekly chart)
Tenken-Sen- $1795
Kijun-Sen- $1797.88
Gold has halted its two weeks of a winning streak and lost more than $20 from a 4-months high. The surge in US inflation has increased hopes of a rate hike by the Fed. The US dollar index surged sharply and hit a 16-month high at 95.26, showing a minor profit-booking. Gold hits a high of $1868 and is currently trading around $1859.
Economic data-
US CPI rose 0.9% in October compared to a forecast of 0.90%. The 12-month inflation surged to 6.2%, the biggest gain since 1990. The number of people who have filed for unemployment benefits fell by 4000 last week to 267000, the lowest level since the pandemic.
Factors to watch for gold price action-
Global stock market- Slightly bullish (negative for gold)
US dollar index –Bullish (negative for gold)
US10-year bond yield- Bullish (negative for gold)
Technical:
It faces strong support at $1840 violation below targets $1820/$1798/$1780. Significant trend continuation only below $1675. The yellow metal is holding above $1870, a jump till $1900/1915 is possible.
It is good to sell on rallies around $1860-61 with SL around $1871 for TP of $1800.
