FxWirePro: USD/JPY remains in familiar place on intervention threat 
FxWirePro: EUR/AUD holds narrow range, focus on near-term Support 
Pound Power Drives GBPJPY Past 214.50 — Buy-the-Dip Setup Targets 217 
FxWirePro: USD/CAD bulls continue to hold the higher ground 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: USD/CAD bulls continue to hold the higher ground 
FxWirePro: GBP/AUD downside pressure builds, key support level in focus 
FxWirePro: AUD/USD eases amid uncertainty over the U.S.–Iran standoff 
FxWirePro: USD/ZAR recovers some ground but outlook is bearish 
FxWirePro- Woodies pivot (Major) 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: GBP/AUD recovers some ground, geopolitics holds center stage 
FxWirePro: USD/ZAR sell bias remains below key resistance zone 
FxWirePro: GBP/NZD recovers some ground but bearish outlook persists 
FxWirePro: EUR/AUD downward momentum remains in place 
Ichimoku Analysis (Weekly Chart)
Tenken-Sen- $1747.64
Kijun-Sen- $1875.71
Gold price recovered above $1700 despite the strong US dollar. It hits a fresh 20-year high on upbeat US Non-farm roll data. US economy has added 315000 jobs in Aug compared to a forecast of 295K. The rate of unemployment rose to 3.7% vs an estimated 3.5%. Average hourly earnings came at 0.30% below the consensus of 0.40%.
US ISM manufacturing PMI came at 52.80 in Aug vs expectations of 52. The number of people who have filed for unemployment benefits has dropped to 23200 compared to an estimated 252K.
According to the CME Fed watch tool, the probability of a 75 bpbs rate hike in Sep dropped to 56% from 61% a week ago.
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 $1690, a close below targets $1671/$1650/$1600. Significant reversal only below $1650. The yellow metal faces minor resistance around $1720, breach above will take it to the next level of $1740/$1760/$1775/$1800/$1820.
It is good to buy on dips around $1697-98 with SL at around $1681 for TP of $1800.
