Ichimoku Analysis (hourly chart)
Tenken-Sen- $1551.70
Kijun-Sen- $1535.20
Gold continues to trade weak and after sudden jump till $1567 on easing of geopolitical tensions and trade deal optimism. The US has removed China from the currency manipulator list before two countries are expected to sign a phase one trade deal tomorrow. It hits low of $1552.09 and is currently trading around $1553.376.
Markets eye US CPI data for further direction. US 10 year bond yield recovered more than 2.5% after a minor decline of 1.815%. The spread between US 10 year and 2 years has narrowed to 26.6 bps from 35.7 bps.
The near term resistance is around $1575, any break over targets $1588/$1600. On the flip side, the yellow metal holds well below 200- H EMA and a dip till $1518/$1500 likely.
It is good to sell on rallies around $1543-44 with SL $1551 for the TP of $1518/$1500.


FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/ZAR gains some ground, but downtrend remains
AUDJPY Bears Hold the Line: Sell Rallies at 111.40 as Negative Bias Targets Sharp Drop to 108
DAX & CAC40 Score Perfect 100: Extremely Bullish With Major Levels to Watch as FTSE100 Hits 80
FxWirePro: EUR/ AUD neutral in the near term, scope further downside
NZDJPY Bears Lie in Wait: Sell Rallies at 93 for 90 Target with 94 Stop
EUR/USD Rockets Past 1.1560 as Soft U.S. Jobs Data Fuel Fed Rate-Cut Surge
Gold Hits 6-Week High: Buy Dips at $4220 as Bullish Momentum Eyes $4400 Breakout
AUDJPY Bears Poised: Sell Rallies at 111.55 for 108 Target with 112.20 Stop
FxWirePro: USD/CNY slips as strong China exports data Lift yuan
FxWirePro- Major Crypto levels and bias summary
FxWirePro : EUR/NZD holding below 38.2% fibo ahead of US data
FxWirePro: GBP/AUD eases slightly, focus on near-term support
FxWirePro: USD/JPY edges higher as traders eye U.S. Jobs data and Geopolitical developments
EURGBP Bears Break Trendline: Sell Rallies at 0.8578 as Support Breach Eyes 0.8450 Slide
NZDJPY Bears Ready to Strike: Sell Rallies at 93 as EMAs Signal Deeper Slide to 90 



