Gold -
Ichimoku Analysis (4 Hour chart)
Tenken-Sen- $2303.19
Kijun-Sen- $2261
Gold hits an all-time high despite a surge in US treasury yields. The yellow metal hit a high of $2319 yesterday and is currently trading around $2336.84.
US economic data-
US PPI - weak (Positive for Gold)
US initial jobless claims- Strong (Positive for gold)
Economic data to be released today-
Prelim UoM consumer sentiment (3:00 pm GMT)
According to the CME Fed watch tool, the probability of a 25 bpbs rate cut in June decreased to 23.80% from 59.10% a week ago.
US dollar index- Bullish. Minor support around 103.80/103. 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 - Bearish (Bullish for gold)
US10-year bond yield- Bullish (negative for gold)
Technical:
The near–term support is around $2380, a break below targets of $2360/$2350/$2318/$2300. The yellow metal faces minor resistance around $2400 and a breach above will take it to the next level of $2420/$2450.
It is good to buy on dips around $2338-40 with SL around $2319 for TP of $2400.


2025 Market Outlook: Key January Events to Watch
Stock Futures Dip as Investors Await Key Payrolls Data
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures
Bank of America Posts Strong Q4 2024 Results, Shares Rise
Wall Street Analysts Weigh in on Latest NFP Data
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift?
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close
US Gas Market Poised for Supercycle: Bernstein Analysts
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand
Energy Sector Outlook 2025: AI's Role and Market Dynamics
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes
Global Markets React to Strong U.S. Jobs Data and Rising Yields
Moldova Criticizes Russia Amid Transdniestria Energy Crisis
Geopolitical Shocks That Could Reshape Financial Markets in 2025 



