FxWirePro: GBP/NZD retreats slightly but trend is still bullish 
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike 
FxWirePro- Major Pair levels and bias summary 
FxWirePro- Woodies Pivot(Major) 
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish 
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption 
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865 
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92 
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K 
FxWirePro- Woodies Pivot(Major) 
FxWirePro: GBP/USD climbs above 1.34 after BoE's relatively hawkish cut 
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains 
FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption 
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185 
Ichimoku Analysis (Weekly Chart)
Tenken-Sen- $1971
Kijun-Sen- $1911.92
Gold continues to trade weak on the strong US dollar. Markets eye US Fed monetary policy this week for further direction. According to the Fed watch tool, the probability for a 50 bpbs rate hike in June has increased to 94.3% from 91.1% a week ago. US dollar index showed a profit booking after hitting a 20-year high in hopes of aggressive rate hikes. The yellow metal hits an intraday low of $1884 and is currently trading around $1885.
Major economic events this week are US NFP and ISM manufacturing index.
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 $1870, a breach below targets $1850/$1800. Significant reversal only below $1750.The yellow metal faces strong resistance of $1920, any breach above will take to the next level $1932/$1950/$1970.
It is good to sell on rallies around $1900 with SL around $1925 for TP of $1750.
