Gold -
Ichimoku Analysis (4-hour chart)
Tenken-Sen- $2023.69
Kijun-Sen- $2011.30
Gold was trading with no direction ahead of the US FOMC meeting minutes. The yellow metal hit a high of $2032.16 at the time of writing and is currently trading around $2027.
According to the CME Fed watch tool, the probability of a no-rate cut in Mar increased to 91.50% from 91% a week ago.
US dollar index- Neutral. Minor support around 103.80/103. The near-term resistance is 105/106.
Factors to watch for gold price action-
Global stock market- Bullish (negative for gold)
US dollar index - Mixed (neutral for gold)
US10-year bond yield- Bullish (negative for gold)
Technical:
The near–term support is around $2015, a break below targets of $2000/$1970/$1956/$1930. The yellow metal faces minor resistance around $2030 and a breach above will take it to the next level of $2045/$2060/$2070/$2080/$2100.
It is good to buy on dips around $2000 with SL around $1970 for TP of $2065/$2080.
Silver-
Silver is consolidating after a massive sell-off. It trades above 21, 55- EMA, and 200 EMA in the 4-hour chart. The near-term support is around $22.90 and a break below confirms an intraday bearishness. A dip to $22.50/$22.20/$21.90/$21.40/$20.68 is possible. Any violation above $23.60 confirms further bullishness. A jump to $24/$24.60 is possible.
Crude oil-
WTI crude oil pared some of its gains despite Israel's airstrike on Damascus. Any close above $80 confirms a bullish continuation.
Major resistance- $80/$82.50. Significant support- $74/$72.
a


UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
Geopolitical Shocks That Could Reshape Financial Markets in 2025
European Stocks Rally on Chinese Growth and Mining Merger Speculation
China’s Growth Faces Structural Challenges Amid Doubts Over Data
Energy Sector Outlook 2025: AI's Role and Market Dynamics
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close
Urban studies: Doing research when every city is different
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure
Stock Futures Dip as Investors Await Key Payrolls Data
Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios 



