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.


Geopolitical Shocks That Could Reshape Financial Markets in 2025
Stock Futures Dip as Investors Await Key Payrolls Data
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts
China’s Growth Faces Structural Challenges Amid Doubts Over Data
2025 Market Outlook: Key January Events to Watch
US Gas Market Poised for Supercycle: Bernstein Analysts
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
Global Markets React to Strong U.S. Jobs Data and Rising Yields
China's Refining Industry Faces Major Shakeup Amid Challenges
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 



