Gold -
Ichimoku Analysis (4-hour chart)
Tenken-Sen- $2033.64
Kijun-Sen- $2041.46
Gold has been trading flat for the past three days. Markets eye US CPI data for further direction. US headline CPI is expected a minor jump to 3.2% from 3.1%. Annual core CPI is forecasted to decline from 4% to 3.8%. It hit a low of $2016 and is currently trading around $2032.68.
According to the CME Fed watch tool, the probability of a no-rate cut in Jan increased to 97.40% from 93.80% 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 $2020, a break below targets of $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 $2015 with SL around $2000 for TP of $2150.
Silver-
Silver is consolidating in a narrow range between $22.69 and $23.51 for the past week. The precious metal trades below 21 and 55-day EMA and long-term MA (200-day MA). Any break above $23.30 (200-day EMA) confirms minor bullishness. A jump to $23.60/$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 pared some gains after a weak crude oil inventory. According to EIA, US crude oil stocks jumped 1.338 million barrels versus a forecast of a 675K decline.
Major resistance- $75.35/80. Significant support- $71/$68.


Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
Wall Street Analysts Weigh in on Latest NFP Data
Energy Sector Outlook 2025: AI's Role and Market Dynamics
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes
Geopolitical Shocks That Could Reshape Financial Markets in 2025
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift?
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures
Stock Futures Dip as Investors Await Key Payrolls Data
Moldova Criticizes Russia Amid Transdniestria Energy Crisis
China’s Growth Faces Structural Challenges Amid Doubts Over Data
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms
2025 Market Outlook: Key January Events to Watch 



