Ichimoku Analysis (hourly chart)
Tenken-Sen- $1563.19
Kijun-Sen- $1562.20
Gold is trading slightly higher after hitting a low of $1535 on declining bond yield. The yellow metal was one of the worst performers this year after hitting a 6-year high on increasing demand for riskier assets. Global stock markets have halted its winning streak after a massive rally especially S&P futures have lost more than 0.5% on account of profit booking. Gold has broken minor trend line resistance after a long consolidation. It is currently trading around $1565.78.
US 10 year bond yield declined more than 3% from minor top 1.851%. The spread between US 10- year and 2 years has narrowed to 25.4 bps from 35.7 bps.
The near term resistance is around $1575, any break over targets $1588/$1600. On the flip side, the immediate support is at $1552 and any break will drag the gold down till $1548/$1543 likely.
It is good to buy on dips around $1561-62 with SL $1554 for the TP of $1574/$1582.


FxWirePro: GBP/AUD eases slightly but trend is still bullish
FxWirePro: NZD/USD gains slightly but bearish outlook remains
EURJPY Dips on NFP Firepower But Stays Bullish Above 184—Load Up Near 185 for a Run to 188
FxWirePro: AUD/USD holds narrow range, focus on near-term support
FxWirePro: EUR/AUD jumps as payrolls surprise fuels upside
FxWirePro: EUR/ NZD consolidating around 1.9855, room for further gains
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/ZAR erases early gains ,looking vulnerable
NFP Shockwave Wipes Out EURUSD Gains as King Dollar Roars Back; Bears Target 1.1525
FxWirePro: GBP/NZD climbs as robust U.S. employment figures triggers renewed buying interest.
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/USD hovers near three week low, bearish outlook remains
FxWirePro- Woodies pivot (Major)
FxWirePro: EUR/ NZD bulls gain momentum,eyes level 2.0000
FxWirePro: USD/CAD bulls continue to hold the higher ground
EURJPY Bearish Dent Intact: Sell the Relief Rally Toward 183/182 Support 



