Ichimoku Analysis (Daily chart)
Tenken-Sen- $1626
Kijun-Sen- $1618
Gold recovers sharply more than $40 on Safe-haven demand. US stocks have shown a massive sell-off of more than 3% due to coronavirus. The global economy is expected to pose a downside risk on account of the virus.
Markets eye US nonfarm payroll data for further direction. US economy is expected to have added 175000 jobs in Feb vs 225000 Jan.
US 10-year has lost more than 15% and hits an all-time low of 0.811%. The spread between US 10 and 2- year yield has narrowed slightly from 37.6 bps to 24 bps.
Technically, it is facing strong support at $1607 (21- day MA) and any close below targets $1580/$1560/$1535.
The immediate resistance is around $1685, an indicative break above will take the yellow metal till $1700/$1725.
It is good to buy on dips around $1660-61 with SL around $1645 for the TP of $1720.


NZDJPY Retreats on Yen Strength – Bearish Setup Targets 90 After Hitting 92.75 Low
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ CNY hits one-month low,scope for futher downside
Do investment tax breaks work? A new study finds the evidence is ‘mixed at best’
FxWirePro: USD/JPY edges higher as focus shifts to BOJ decision
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
Major European Indices Score Extremely Bullish: DAX Eyes 26000, CAC Targets 8600, FTSE100 at 11000 – Key Levels to Watch
AUDJPY Volatile After Massive Sell-Off: Sell Rallies at 113, Targeting 110 as Bearish Momentum Surges
China's Refining Industry Faces Major Shakeup Amid Challenges
FxWirePro- Major Crypto levels and bias summary
U.S. Stock Futures Rise as Trump Takes Office, Corporate Earnings Awaited
FxWirePro:USD/JPY climbs back above 160.00 after BOJ rate decision
Why your retirement fund might soon include cryptocurrency
European Stocks Rally on Chinese Growth and Mining Merger Speculation
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge
Elliott Investment Management Takes Significant Stake in BP to Push for Value Growth
JPY Action Bias: EURJPY and CADJPY Emerge as Extremely Bullish Pairs to Watch 



