Ichimoku analysis (4-Hour chart)
Tenken-Sen- $1796
Kijun-Sen- $1793
Gold is trading flat ahead of the Jackson Hole symposium on Friday. It is closely followed by market participants as prominent central bankers and finance ministers discuss current policy matters. US dollar is holding below 93 levels on weaker than expected US durable goods order. The orders for durable goods slipped 0.1% last month compared to a forecast of 0.5% decline. The yellow metal hits an intraday low of $1787.05 and is currently trading around $1787.69.
Factors to watch for gold price action-
Global stock market- Bullish (negative for gold)
US dollar index – Bearish (positive for gold)
US10-year bond yield- Bullish (negative for gold)
Technical:
The immediate resistance is around $1810 and a convincing break above will take the yellow metal $1820/$1835/$1850 if possible. It is facing strong support at $1790, violation below targets $1784/$1770.
It is good to buy on dips around $1785-86 with SL around $1775 for TP of $1830.


FxWirePro- Major US Indices
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FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro: GBP/AUD moves lower on weak UK data
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD bulls loosen their grip a bit, dips to be bought
FxWirePro: USD/CNY downside pressure builds, key support level In focus
FxWirePro: GBP/USD dips lower on negative UK retail sales data
NZDJPY Bulls Charge Ahead: Buying the Dips Above 90 for a Shot at 92
FxWirePro:EUR/AUD eases but bullish outlook persists
FxWirePro: GBP/USD advances on steady UK GDP growth
FxWirePro- Major European Indices
FxWirePro- Woodies Pivot(Major) 



