Gold -
Ichimoku Analysis (4-hour chart)
Tenken-Sen- $2126.19
Kijun-Sen- $2085
Gold trades higher on board-based US dollar selling. Markets eye Fed Chairman Powell's speech for further direction. The yellow metal hit a high of $2141.85 yesterday and is currently trading around $2127.
According to the CME Fed watch tool, the probability of a no-rate cut in Mar decreased to 97% from 98% a week ago.
US dollar index- Bearish. Minor support around 103.40/102.70. The near-term resistance is 104.20/105.
Factors to watch for action-
Global stock market- Bullish (negative for gold)
US dollar index - Bearish (Bullish for gold)
US10-year bond yield- Bullish (negative for gold)
Technical:
The near–term support is around $2100, a break below targets of $2085/$2068/$2060. The yellow metal faces minor resistance around $2130 and a breach above will take it to the next level of $2145/$2150.
It is good to buy on dips around $2070-72 with SL around $2050 for a TP of $2145.


Urban studies: Doing research when every city is different
Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close
Moldova Criticizes Russia Amid Transdniestria Energy Crisis
Stock Futures Dip as Investors Await Key Payrolls Data
Wall Street Analysts Weigh in on Latest NFP Data
Geopolitical Shocks That Could Reshape Financial Markets in 2025
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures
US Gas Market Poised for Supercycle: Bernstein Analysts
China's Refining Industry Faces Major Shakeup Amid Challenges
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential
Energy Sector Outlook 2025: AI's Role and Market Dynamics 



