Ichimoku Analysis (4-hour chart)
Tenken-Sen- $2142
Kijun-Sen- $2100
Gold hits an all-time high on board-based US dollar selling. The central bank is ready to cut rates this year if economic data supports them. He said that the Fed needs more confidence in inflation to cut. The yellow metal hit a high of $2161 at the time of writing and is currently trading around $2156.32.
According to the CME Fed watch tool, the probability of a no-rate cut in Mar decreased to 95% from 96% a week ago.
US dollar index- Bearish. Minor support around 103/102. The near-term resistance is 103.60/104.25.
Factors to watch for gold price action-
Global stock market- Bullish (negative for gold)
US dollar index - Bearish (Bullish for gold)
US10-year bond yield- Bearish (positive for gold)
Technical:
The near–term support is around $2140, a break below targets of $2120/$2100/$2087. The yellow metal faces minor resistance around $2165 and a breach above will take it to the next level of $2182/$2200.
It is good to buy on dips around $2100 with SL around $2100 for TP of $2165.


Trump’s "Shock and Awe" Agenda: Executive Orders from Day One
Urban studies: Doing research when every city is different
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes
Global Markets React to Strong U.S. Jobs Data and Rising Yields
China’s Growth Faces Structural Challenges Amid Doubts Over Data
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data
Energy Sector Outlook 2025: AI's Role and Market Dynamics
China's Refining Industry Faces Major Shakeup Amid Challenges
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty
Stock Futures Dip as Investors Await Key Payrolls Data
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures
European Stocks Rally on Chinese Growth and Mining Merger Speculation
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift?
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 



