Ichimoku Analysis (8-Hour chart)
Tenken-Sen- $1611
Kijun-Sen- $1627
Gold has halted its 5 days of losing streak and shown a minor jump of $35 from low of $1551. The massive sell-off in yellow metal came despite a huge dip in the stock market. The strong US dollar and a minor surge in US bond yield are putting pressure on gold at higher levels.
Fed has injected more than $1.5 trillion in the financial system due to the outbreak of coronavirus. The restarting of QE by the US central bank will support the demand for gold at lower levels.
Technically, near term support is around $1550 and any violation below targets $1536/$1500.
On the higher side, immediate resistance is around $1611 and indicative break above will take the gold to the next level till $1627/$1660.
It is good to buy on dips around $1560-65 with SL around $1550 for the TP of $1610.


FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ CNY hits one-month low,scope for futher downside
NZDJPY Bullish Rebound: Buy Dips as EMAs Align for 97 Target
AUDJPY Volatile After Massive Sell-Off: Sell Rallies at 113, Targeting 110 as Bearish Momentum Surges
FxWirePro- Woodies pivot (Major)
JPY Currency Meter Signals: NZDJPY Bullish (+25) vs CHFJPY (-100) – These Pairs Could Move Next
NZDJPY Retreats on Yen Strength – Bearish Setup Targets 90 After Hitting 92.75 Low
FxWirePro: GBP/AUD drifts lower after BOE rate decision
FxWirePro:EUR/NZD gains some upside momentum but still bearish
FxWirePro : GBP/NZD strongly bearish despite upside attempts
FxWirePro: EUR/AUD regains upwards momentum but unable to hold above 50%fib level
FxWirePro: NZD/USD consolidates overnight gains, but loses momentum
FxWirePro:USD/JPY climbs back above 160.00 after BOJ rate decision
FxWirePro- Major Pair levels and bias summary
Nikkei Surges Past 65,000 on Suspected Yen Weakness: Tech Giants Like Advantest and NEC Lead Explosive Gains 



