Ichimoku Analysis (Weekly Chart)
Tenken-Sen- $1713
Kijun-Sen- $1608
Gold showed a massive recovery of more than $50 from the previous week's low of $1704. The increase in the number of new coronavirus cases, especially in the U.S has increased demand for Safe-haven assets like gold, yen. The U.S has reported more than 30000 new cases on Friday and Saturday. The centers for Disease Control and Prevention forecasts between 129000 and 145000 COVID- 19 deaths by Jul.
US Dollar Index – bullish (Negative for Gold)
S&P500- Slightly- Weak (Bullish for gold)
US Bond yield- Weak (mildly positive for gold)
Technical:
The yellow metal has broken significant resistance $1745 and jumped till $1758.70. Major trend continuation is possible if it surges past $1765, a jump till $1800 likely
The immediate support is around $1740, any indicative break beneath targets $1729/$1716/$1700.
It is good to buy on dips around $1745-46 with SL around $1730 for the TP at $1800.


GBPJPY Claims 215: Sterling Bulls Forge Ahead with Locked-In Momentum
FxWirePro: USD/JPY on nervous hold around 160.00
FxWirePro USD/CAD steadies around 1.3910,retains bid tone
FxWirePro: GBP/USD neutral in the near-term, scope for downward resumption
NFP Shockwave Wipes Out EURUSD Gains as King Dollar Roars Back; Bears Target 1.1525
FxWirePro- Woodies pivot (Major)
BTC Cracks Below $65K: Sell the Rip as Iran Tensions and ETF Bleeding Fuel Bears
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD bulls gain momentum on hot U.S. Jobs data
FxWirePro: AUD/USD softens as risk appetite abates
FxWirePro: EUR/ NZD bulls gain momentum,eyes level 2.0000
EUR/USD Under Siege: Bearish EMA Stack Eyes 1.1525 as Iran Ceasefire Talks Crumble
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD stuck in narrow range , outlook bearish
FxWirePro: GBP/USD falls to two-week low on strong US jobs data
FxWirePro: EUR/AUD jumps as payrolls surprise fuels upside
FxWirePro: EUR/NZD tight ranges prevail as market waits for fresh catalyst 



