FxWirePro: USD/ZAR edges higher but bearish outlook persists 
FxWirePro- Major European Indices 
FxWirePro- Woodies Pivot(Major) 
FxWirePro- Woodies Pivot(Major) 
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K 
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook 
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path 
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption 
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212 
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed 
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92 
FxWirePro: GBP/AUD moves lower on weak UK data 
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185 
FxWirePro- Major Pair levels and bias summary 
FxWirePro- Major Pair levels and bias summary 
Ichimoku Analysis (Weekly chart)
Tenken-Sen- $1877.41
Kijun-Sen- $1848.09
Gold was one of the best performers this month and surged nearly $200 on geopolitical tension. The Russian invasion of Ukraine has increased the demand for safe-haven assets like gold. According to Ukraine Interior Ministry,352 Ukrainian civilians, including 14 children killed by the Russian military The jump in the US dollar index is putting pressure on yellow metal at higher levels. Gold hits a high of $1974 and is currently trading around $1906.
The US grew by 7% in the fourth quarter in line with estimates compared to 6.9% previous quarter. The number of people who have filed for unemployment benefits dropped to 232K this week vs. an estimate of 233K. Core PCE index came at 0.5% in-line with estimate.
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 $1878, violation below targets $1857/$1838. Significant reversal only below $1750.The yellow metal faces strong resistance of $1930, any violation above will take to the next level $1960/$1980.
It is good to buy on dips for $1900 with SL around $1880 for TP of $1960.
