Gold -
Ichimoku Analysis (4-hour chart)
Tenken-Sen- $2033.64
Kijun-Sen- $2041.46
Gold showed a minor recovery after a massive sell-off. The yellow metal lost its shine after upbeat US jobs data. It hit a high of $2038 and is currently trading around $2034.11.
According to the CME Fed watch tool, the probability of a no-rate cut in Jan increased to 95.3% from 82.40% a week ago.
US dollar index- Bullish. Minor support around 100.70/100. The near-term resistance is 103/104.
Factors to watch for gold price action-
Global stock market- Bullish (negative for gold)
US dollar index - neutral (mixed for gold)
US10-year bond yield- Bearish (Positive for gold)
Technical:
The near–term support is around $2030, a break below targets of $2020/ $2000/$1970. The yellow metal faces minor resistance around $2050 and a breach above will take it to the next level of$2060/$2070/ $2090/$2100/$2150.
It is good to buy on dips around $2020 with SL around $2000 for TP of $2150.
Silver-
Silver showed a minor pullback after a nearly $1.50 sell-off. The precious metal is trading below 21 and 55-day EMA and long-term MA (200-day MA). Any break above $23.60 confirms further bullishness. A jump to $24/$24.50. It is facing significant support at $22.65 Any breach below $22.65 targets $21.80/$21.
Crude oil-
WTI crude oil prices showed a minor jump after the price cut by Saudi Arabia.
Major resistance- $75.35/80. Significant support- $71/$68.


European Stocks Rally on Chinese Growth and Mining Merger Speculation
Global Markets React to Strong U.S. Jobs Data and Rising Yields
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential
China's Refining Industry Faces Major Shakeup Amid Challenges
Energy Sector Outlook 2025: AI's Role and Market Dynamics
Bank of America Posts Strong Q4 2024 Results, Shares Rise
Moldova Criticizes Russia Amid Transdniestria Energy Crisis
Wall Street Analysts Weigh in on Latest NFP Data
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts
Stock Futures Dip as Investors Await Key Payrolls Data
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures
Geopolitical Shocks That Could Reshape Financial Markets in 2025
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 



