Gold -
Ichimoku Analysis (4 Hour chart)
Tenken-Sen- $2352.21
Kijun-Sen- $2354.63
Gold showed a minor sell-off on the strong US dollar. It hit a low of $2351 at the time of writing and is currently trading around $2353.41.
Hawkish remarks from Minneapolis Fed President Neel Kashkari and upbeat US economic data have decreased the chance of a rate cut by the Fed in Sep.
CB consumer confidence - strong (positive for gold)
According to the CME Fed watch tool, the probability of a no-rate cut in June decreased to 99.10% from 96.50% 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 - Bullish (negative for gold)
US10-year bond yield- Bullish (negative for gold)
Technical:
The near–term support is around $2325, a break below the targets of $2300/$2285/$2270. The yellow metal faces minor resistance around $2365 and a breach above will take it to the next level of $2375/ $2400/$2420/$2450.
It is good to buy on dips around $2300 with SL around $2270 for TP of $2500.


2025 Market Outlook: Key January Events to Watch
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty
Urban studies: Doing research when every city is different
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge
Bank of America Posts Strong Q4 2024 Results, Shares Rise
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift?
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data
Wall Street Analysts Weigh in on Latest NFP Data 



