Gold -
Ichimoku Analysis (4 Hour chart)
Tenken-Sen- $2337.38
Kijun-Sen- $2343.28
Gold trades flat ahead of US ADP employment data. It hit a low of $2315 yesterday and is currently trading around $2332.50.
US JOLTS job openings - Weak (negative for Gold)
Markets eye US ADP employment change and US ISM services PMI for further movement.
According to the CME Fed watch tool, the probability of a no-rate cut in June decreased to 99.9% from 99.10% 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 - Bearish (positive for gold)
US10-year bond yield- Bearish(Positive for gold)
Technical:
The near–term support is around $2315, a break below the targets of $2300/$2285/$2270. The yellow metal faces minor resistance around $2365 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.


Geopolitical Shocks That Could Reshape Financial Markets in 2025
Moldova Criticizes Russia Amid Transdniestria Energy Crisis
Urban studies: Doing research when every city is different
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms
US Gas Market Poised for Supercycle: Bernstein Analysts
2025 Market Outlook: Key January Events to Watch
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift?
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays
China’s Growth Faces Structural Challenges Amid Doubts Over Data
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data
Bank of America Posts Strong Q4 2024 Results, Shares Rise
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data
Wall Street Analysts Weigh in on Latest NFP Data
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 



