Gold -
Ichimoku Analysis (4-hour chart)
Tenken-Sen- $2019.77
Kijun-Sen- $2028.28
Gold jumped slightly after weak US retail sales. It came at -0.80% in Jan compared to a forecast of -0.20%. The yellow metal hit a high of $2008 yesterday and is currently trading around $2006.
The Empire State manufacturing index rose to -2.4 in Jan vs. the Forecast of -13.70, from -43.7 the previous month.
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 $2010 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 $1990 with SL around $1970 for TP of $2040/$2065/$2080.
Silver-
Silver recovered sharply on board-based US dollar selling. Any weekly close above $23.25 confirms further bullishness, a jump to $23.60/$24 is possible. It trades above 21, 55- EMA, and 200 EMA in the 4-hour chart. The near-term support is around $22.75 and a break below confirms an intraday bearishness. A dip to $22.20/$21.90/$21.40/$20.68 is possible.
Crude oil-
WTI crude oil is consolidating ahead of US PPI. Markets developments in the Middle East for further direction.
Major resistance- $78/$80. Significant support- $74/$72.


UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift?
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One
US Gas Market Poised for Supercycle: Bernstein Analysts
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure
Geopolitical Shocks That Could Reshape Financial Markets in 2025
Moldova Criticizes Russia Amid Transdniestria Energy Crisis
Wall Street Analysts Weigh in on Latest NFP Data
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
Urban studies: Doing research when every city is different
Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios
China's Refining Industry Faces Major Shakeup Amid Challenges
Energy Sector Outlook 2025: AI's Role and Market Dynamics
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand 



