Ichimoku Analysis (4 Hour chart)
Tenken-Sen- $2263.30
Kijun-Sen- $2231.62
Gold hit a fresh all-time high on safe-haven demand. The yellow metal hit a low of $2286 yesterday and is currently trading around $2277.44.
The air strike on the Iran consulate by Israel killed three senior members of Iran's Revolutionary Guard. This escalated tensions in the Middle East. US treasury yields surged following strong US economic data increased the bets of an early rate cut
According to the CME Fed watch tool, the probability of a no-rate cut in June increased to 61.80% from 56.80% a day ago.
US dollar index- Bullish. Minor support around 104.65/104. 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 - Bullish (Bearish for gold)
US10-year bond yield- Bullish (negative for gold)
Technical:
The near–term support is around $2269, a break below targets of $2250/$2228/$2200. The yellow metal faces minor resistance around $2290 and a breach above will take it to the next level of $2300/$2325.
It is good to buy on dips around $2215-16 with SL around $2200 for TP of $2265/$2300.


Wall Street Analysts Weigh in on Latest NFP Data
Geopolitical Shocks That Could Reshape Financial Markets in 2025
Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays
China's Refining Industry Faces Major Shakeup Amid Challenges
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
Energy Sector Outlook 2025: AI's Role and Market Dynamics
European Stocks Rally on Chinese Growth and Mining Merger Speculation
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts
Moldova Criticizes Russia Amid Transdniestria Energy Crisis
Urban studies: Doing research when every city is different 



