Ichimoku Analysis (4 Hour chart)
Tenken-Sen- $2336
Kijun-Sen- $2379
Gold showed a weakness after a minor pullback. It hit a low of $2341 at the time of writing and is currently trading around $2343.
The CFTC’s Commitment of Traders (COT) showed that speculative long positions in COMEX gold futures increased by 12% to their highest level in four years.
According to the CME Fed watch tool, the probability of a no-rate cut in June decreased to 99.10% from 96.50% a week ago.
US dollar index- Bearish. Minor support around 104/103. The near-term resistance is 105/106.50.
Factors to watch for gold price action-
Global stock market- Bullish (negative for gold)
US dollar index - Bullish (negative for gold)
US10-year bond yield- Bullish (negative for gold)
Technical:
The near–term support is around $2325, a break below the targets of $2300/$2285/$2270. The yellow metal faces minor resistance around $2350 and a breach above will take it to the next level of $2375/ $2400/$2420/$2450.
It is good to buy on dips around $2300 with SL around $2270 for TP of $2500.


U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift?
China’s Growth Faces Structural Challenges Amid Doubts Over Data
Global Markets React to Strong U.S. Jobs Data and Rising Yields
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential
China's Refining Industry Faces Major Shakeup Amid Challenges
Moldova Criticizes Russia Amid Transdniestria Energy Crisis
Energy Sector Outlook 2025: AI's Role and Market Dynamics
European Stocks Rally on Chinese Growth and Mining Merger Speculation
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close
Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms
2025 Market Outlook: Key January Events to Watch
Geopolitical Shocks That Could Reshape Financial Markets in 2025 



