Gold -
Ichimoku Analysis (4 Hour chart)
Tenken-Sen- $2428
Kijun-Sen- $2401
Gold pared some of its gains after hitting an all-time high of $2450. It hit a low of $2450 at the time of writing and is currently trading around $2419.
Fed Vice Chair Philip Jefferson said that it is too early to say the slowdown in inflation will be long-lasting. Fed Vice Chairman Barr stated “These results did not provide me with the increased confidence that I was hoping to find to support easing monetary policy by reducing the federal funds rate,”
According to the CME Fed watch tool, the probability of a no-rate cut in June decreased to 96.4% from 96.5% a week ago.
US dollar index- Bearish. Minor support around 104/103. The near-term resistance is 105/106.50.
Factors to watch for gold price action-
Global stock market- Bullish (negative for gold)
US dollar index - Bearish (positive for gold)
US10-year bond yield- Bearish (positive for gold)
Technical:
The near–term support is around $2400, a break below the targets of $$2365/$2342. The yellow metal faces minor resistance around $2450 and a breach above will take it to the next level of $2475/$2500.
It is good to buy on dips around $2362-63 with SL around $2340 for a TP of $2500.


U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures
Global Markets React to Strong U.S. Jobs Data and Rising Yields
China’s Growth Faces Structural Challenges Amid Doubts Over Data
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts
Energy Sector Outlook 2025: AI's Role and Market Dynamics
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure
Stock Futures Dip as Investors Await Key Payrolls Data
Bank of America Posts Strong Q4 2024 Results, Shares Rise
Geopolitical Shocks That Could Reshape Financial Markets in 2025
Moldova Criticizes Russia Amid Transdniestria Energy Crisis
Urban studies: Doing research when every city is different
European Stocks Rally on Chinese Growth and Mining Merger Speculation
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 



