UK GDP Flops Again: GBPJPY Drops to 207.22 But Bulls Hold the Line – Buy the Dip to 210? 
FxWirePro: NZD/USD weakens as RBNZ quashes rate hike talk 
FxWirePro: NZD/USD consolidates around 0 .5810,room for further gains 
FxWirePro: AUD/USD hovers near three –month high, scope for further upside 
NZD/JPY: Bearish Momentum Builds — Sell the Rallies Below 90.90 for a Slide Toward 88.00 
FxWirePro: EUR/NZD shows upside momentum, but bearish outlook remains 
FxWirePro: USD/JPY caught in narrow range, bias bearish 
FxWirePro- Woodies Pivot(Major) 
Yen Strikes Back: AUD/JPY Retreats as BOJ Policy Looms – Sell on Rallies to 100 
FxWirePro: USD/CNY outlook weaker on renewed downside pressure 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: USD/JPY slips as yen gains ahead of BOJ meet 
FxWirePro: GBP/NZD ticks down after UK GDP data disappoints 
Bitcoin Yawns at Fed Cut – Coiled Tight at $92K: $90K Hold = Straight Shot to $100K 
FxWirePro: USD/CAD recovers slightly but trend is still bearish 
FxWirePro: GBP/AUD gives up early gains after UK GDP shock 
Sterling Crushed by Double-Contraction GDP – EURGBP Spikes, Next Stop 0.8850–0.8900 
Ichimoku Analysis (Weekly chart)
Tenken-Sen- $1909.40
Kijun-Sen- $1963.90
Gold was the worst performer the previous week on surging US treasury yield. It hit a low of $1842.95 and is currently trading at around $1844.21.
US annual PCE inflation advanced 3.9% in August, in line with estimates. Every month, Personal consumption expenditure rose 0.1%, below the estimate of 0.20%.
US real GDP grew at an annual rate of 2.1% in Q2 as expected. The number of people who have filed for unemployment benefits rose to 204K in the week ended September 23rd, 2023, compared to a forecast of 215000. The University of Michigan consumer sentiment dropped to 68.1 in Sep, from 69.5 in Aug.
US dollar index- Bullish. Minor support around 104.40/103.79. The near-term resistance is 107/108.
According to the CME Fed watch tool, the probability of a 25 bpbs rate hike in Nov increased to 30.9% from 18.3% a day ago.
The US 10-year yield showed a minor pullback of 2.5% on upbeat US economic data. The US 10 and 2-year spread narrowed to -46.6% from -75%.
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 $1840, a break below targets of $1830/$1800. The yellow metal faces minor resistance around $1860 and a breach above will take it to the next level of $1885/$1900/$1920.
It is good to sell on rallies around $1862-63 with SL around $1880 for TP of $1800.
