Gold -
Ichimoku Analysis (4 Hour chart)
Tenken-Sen- $2329.19
Kijun-Sen- $2316.76
Gold trades weak despite easing US inflation. It hit a high of $2339.45 yesterday and is currently trading around $2325.35.
US economic data-
US PCE -Weak (Positive for gold)
Markets eye the US ISM manufacturing PMI and US Non-farm payroll this week for further direction. Easing US PCE increased the chance of a rate cut by the Fed in Sep.
According to the CME Fed watch tool, the probability of a 25 bpbs rate cut in Sep decreased to 59.50% from 57% a week ago.
US dollar index- Bullish. Minor support around 105.50/104. The near-term resistance is 106.20/107.
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- Bearish (Positive for gold)
Technical:
The near–term support is around $2280, a break below the target of $2260/$2250. The yellow metal faces minor resistance around $2340 and a breach above will take it to the next level of $2360/$2375/$2400.
It is good to buy on dips around $2308-10 with an SL of around $2290 for a TP of $2360.


Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure
Moldova Criticizes Russia Amid Transdniestria Energy Crisis
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One
Wall Street Analysts Weigh in on Latest NFP Data
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge
Energy Sector Outlook 2025: AI's Role and Market Dynamics
Urban studies: Doing research when every city is different
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential
Stock Futures Dip as Investors Await Key Payrolls Data
China’s Growth Faces Structural Challenges Amid Doubts Over Data
Geopolitical Shocks That Could Reshape Financial Markets in 2025
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures
European Stocks Rally on Chinese Growth and Mining Merger Speculation 



