Gold -
Ichimoku Analysis (4-hour chart)
Tenken-Sen- $1990.25
Kijun-Sen- $2010.78
Gold showed a minor pullback after a massive sell-off. The chance of delay in rate cut has pushed US dollar and bond yields higher. Markets eye US retail sales and the Empire state manufacturing index for further direction. The yellow metal hit a low of $1984 yesterday and is currently trading around $1995.11.
According to the CME Fed watch tool, the probability of a no-rate cut in Mar increased to 89.5% from 81% a week ago.
US dollar index- Bullish. Minor support around 104.50/103.80. The near-term resistance is 105/106.
Factors to watch for gold price action-
Global stock market- Bullish (negative for gold)
US dollar index - bullish (negative for gold)
US10-year bond yield- Bullish (negative for gold)
Technical:
The near–term support is around $1970, a break below targets of $1956/$1930. The yellow metal faces minor resistance around $2000 and a breach above will take it to the next level of $2020/$2030/$2045/$2060/$2070/$2080/$2100.
It is good to buy on dips around $1970 with SL around $1950 for TP of $2040/$2065/$2080.
.
Silver-
Silver formed a double bottom around $21.90 and showed a minor pullback. Any weekly close above $22.85 confirms further bullishness, a jump to $23.35/$23.60 is possible. It trades below 21, 55- EMA, and 200 EMA in the 4-hour chart. The near-term support is around $22.35 and a break above confirms an intraday bearishness. A dip to $21.90/$21.40/$20.68 is possible.
Crude oil-
WTI crude oil lost its shine after the crude inventory data. According to EIA, commercial crude oil inventories increased by 12 million barrels, compared to a forecast of 3.3M.
Major resistance- $78/$80. Significant support- $74/$72.


US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data
US Gas Market Poised for Supercycle: Bernstein Analysts
2025 Market Outlook: Key January Events to Watch
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data
Stock Futures Dip as Investors Await Key Payrolls Data
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential
Wall Street Analysts Weigh in on Latest NFP Data
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms
Moldova Criticizes Russia Amid Transdniestria Energy Crisis
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close
Global Markets React to Strong U.S. Jobs Data and Rising Yields
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure 



