Ichimoku Analysis (4-Hour chart)
Tenken-Sen- $1535
Kijun-Sen- $1528
Gold trading slightly higher for the past 4 trading days and jumped more than $25. The outbreak of coronavirus is supporting prices at lower levels. China has recorded 2656 cases on Sat and the total number of infected people exceeded 37000. It has killed more than 900 and crossed more people than SARS. The yellow metal hits high of $1576.68 and is currently trading around $1574.50.
US 10 year bond yield has recovered more than 2.5% after a more than 7% decline. The spread between US 10- year and 2 years has narrowed to 18.3 bps from 35.7 bps.
The near term resistance is around $1583, any break over targets $1592/$1600. On the flip side, the immediate support is at $1545 and any break will drag the gold underneath till $1535/$1520 likely. Extreme bearishness only under $1535.
It is good to buy on dips around $1565-66 with SL around $1555 for the TP of $1583/$1592.


FxWirePro: USD/ZAR erases early gains ,looking vulnerable
FxWirePro: GBP/USD falls to two-week low on strong US jobs data
FxWirePro: GBP/USD hovers near three week low, bearish outlook remains
FxWirePro: EUR/ NZD bulls gain momentum,eyes level 2.0000
FxWirePro: EUR/AUD jumps as payrolls surprise fuels upside
Sterling's Shine Fades: GBPJPY Sell-on-Rally Setup Targets 210.40 Breakdown
AUDJPY Reclaims 114: Bears Growl in the Short Term, But Bulls Hold the Line
FxWirePro: USD/JPY holds firm despite concerns over possible currency intervention
FxWirePro: EUR/NZD tight ranges prevail as market waits for fresh catalyst
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Pair levels and bias summary
EURJPY Dips on NFP Firepower But Stays Bullish Above 184—Load Up Near 185 for a Run to 188
EURJPY Bearish Dent Intact: Sell the Relief Rally Toward 183/182 Support
FxWirePro: GBP/AUD bulls gain momentum on hot U.S. Jobs data
FxWirePro- Major Crypto levels and bias summary 



