Gold -
Ichimoku Analysis (4-hour chart)
Tenken-Sen- $2033.64
Kijun-Sen- $2041.46
Gold showed a minor recovery after a massive sell-off. The yellow metal lost its shine after upbeat US jobs data. It hit a high of $2038 and is currently trading around $2034.11.
According to the CME Fed watch tool, the probability of a no-rate cut in Jan increased to 95.3% from 82.40% a week ago.
US dollar index- Bullish. Minor support around 100.70/100. The near-term resistance is 103/104.
Factors to watch for gold price action-
Global stock market- Bullish (negative for gold)
US dollar index - neutral (mixed for gold)
US10-year bond yield- Bearish (Positive for gold)
Technical:
The near–term support is around $2030, a break below targets of $2020/ $2000/$1970. The yellow metal faces minor resistance around $2050 and a breach above will take it to the next level of$2060/$2070/ $2090/$2100/$2150.
It is good to buy on dips around $2020 with SL around $2000 for TP of $2150.
Silver-
Silver showed a minor pullback after a nearly $1.50 sell-off. The precious metal is trading below 21 and 55-day EMA and long-term MA (200-day MA). Any break above $23.60 confirms further bullishness. A jump to $24/$24.50. It is facing significant support at $22.65 Any breach below $22.65 targets $21.80/$21.
Crude oil-
WTI crude oil prices showed a minor jump after the price cut by Saudi Arabia.
Major resistance- $75.35/80. Significant support- $71/$68.


UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data
Global Markets React to Strong U.S. Jobs Data and Rising Yields
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
China's Refining Industry Faces Major Shakeup Amid Challenges
Bank of America Posts Strong Q4 2024 Results, Shares Rise
Energy Sector Outlook 2025: AI's Role and Market Dynamics
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data
Moldova Criticizes Russia Amid Transdniestria Energy Crisis
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts
China’s Growth Faces Structural Challenges Amid Doubts Over Data
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential
Urban studies: Doing research when every city is different 



