Ichimoku Analysis (1-hours Chart)
Tenken-Sen- $1706.
Kijun-Sen- $1700.81
Gold is trading in a narrow range between $1670 and $1713.70 for the past 4 days. The easing of lockdown in major countries is putting pressure on the yellow metal. US ISM services came at 41.8 in Apr from 52.5 in Mar, lowest level since Mar 2009.
On the flip side, the near term significant support is around $1660 and any violation below will drag the gold down till $1631/$1600.
The immediate resistance is around $1740, any indicative break beyond targets $1760/$1799.
It is good to sell on rallies around $1718-20 with SL around $1740 for the TP of $1660.


FxWirePro: GBP/NZD stuck in narrow range , outlook bearish
EUR/USD Under Siege: Bearish EMA Stack Eyes 1.1525 as Iran Ceasefire Talks Crumble
FxWirePro- Major Crypto levels and bias summary
FxWirePro USD/CAD steadies around 1.3910,retains bid tone
FxWirePro: GBP/AUD bulls gain momentum on hot U.S. Jobs data
FxWirePro- Major Pair levels and bias summary
GBP/JPY Bulls Reload at 214: Triple EMA Support Eyes 216–217 Breakout
FxWirePro: GBP/NZD climbs as robust U.S. employment figures triggers renewed buying interest.
FxWirePro: EUR/AUD jumps as payrolls surprise fuels upside
FxWirePro: USD/CAD extends gains as U.S. dollar gains momentum after strong U.S. NFP data
NZDJPY Bulls Reload: Why 93.50 Is the Line in the Sand for a Run to 97
GBPJPY Claims 215: Sterling Bulls Forge Ahead with Locked-In Momentum
Aussie-Yen Pulls Back to 114 — But Bulls See a Dip-Buying Run to 117
FxWirePro: GBP/USD falls to two-week low on strong US jobs data
BTC Cracks Below $65K: Sell the Rip as Iran Tensions and ETF Bleeding Fuel Bears
FxWirePro: AUD/USD softens as risk appetite abates 



