Gold -
Ichimoku Analysis (4 Hour chart)
Tenken-Sen- $2285.05
Kijun-Sen- $2247
Gold hit a fresh all-time high on escalation of geo-political tensions and early rate cut. The yellow metal hit a high of $2304 yesterday and is currently trading around $2293.11.
US economic data-
US ADP employment- Positive (Bullish for Gold)
US ISM services PMI - weak (bearish for Gold)
According to the CME Fed watch tool, the probability of a no-rate cut in June increased to 61.80% from 56.80% a day ago.
US dollar index- Bullish. Minor support around 104.65/104. The near-term resistance is 105.20/106.
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 $2285, a break below targets of $2275/$2265/$2228. The yellow metal faces minor resistance around $2305 and a breach above will take it to the next level of $2325/$2340.
It is good to buy on dips around $2250 with SL around $2228 for TP of $2300/$2325.


Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios
Energy Sector Outlook 2025: AI's Role and Market Dynamics
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms
Geopolitical Shocks That Could Reshape Financial Markets in 2025
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift?
2025 Market Outlook: Key January Events to Watch
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
China's Refining Industry Faces Major Shakeup Amid Challenges
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures
US Gas Market Poised for Supercycle: Bernstein Analysts
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data
Urban studies: Doing research when every city is different 



