Gold -
Ichimoku Analysis (4 Hour chart)
Tenken-Sen- $2250.73
Kijun-Sen- $2228.32
Gold hits an all-time high despite the strong US dollar. The yellow metal hit a high of $2265.40 at the time of writing and is currently trading around $2258.
US Final GDP Q/Q - Strong (positive for Gold)
Unemployment claims - Strong (Bullish for Gold)
US PCE- weak (positive for Gold)
Chicago PMI - weak (negative for Gold)
According to the CME Fed watch tool, the probability of a no-rate cut in June increased to 66% from 55.20% a day ago.
US dollar index- Bullish. Minor support around 103.40/102.70. 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 (Bearish for gold)
US10-year bond yield- Bullish (negative for gold)
Technical:
The near–term support is around $2250, a break below targets of $2228/$2215/$2200. The yellow metal faces minor resistance around $2265 and a breach above will take it to the next level of $2300/$2325.
It is good to buy on dips around $2215-16 with SL around $2200 for TP of $2265/$2300.


Trump’s "Shock and Awe" Agenda: Executive Orders from Day One
2025 Market Outlook: Key January Events to Watch
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes
Wall Street Analysts Weigh in on Latest NFP Data
Stock Futures Dip as Investors Await Key Payrolls Data
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure
Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data
Moldova Criticizes Russia Amid Transdniestria Energy Crisis
China’s Growth Faces Structural Challenges Amid Doubts Over Data
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential
US Gas Market Poised for Supercycle: Bernstein Analysts
Energy Sector Outlook 2025: AI's Role and Market Dynamics 



