Gold -
Ichimoku Analysis (4 Hour chart)
Tenken-Sen- $2408
Kijun-Sen- $2387
Gold holds above $2400 on board based on the US dollar weakness. It hit a high of $2424 yesterday and is currently trading around $2405.
US economic data -
US CPI- negative (positive for Gold)
US PPI - Positive (bearish for Gold)
Market eyes US retail sales, and Empire State manufacturing index for further direction. Major central bank monetary policy - ECB
According to the CME Fed watch tool, the probability of a 25 bpbs rate cut in Sep increased to 88.10% from 72.2% a week ago.
US dollar index- Bullish. Minor support around 104/103. The near-term resistance is 105/106.20.
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 $2385, a break below the target of $2366/$2350. The yellow metal faces minor resistance around $2425 and a breach above will take it to the next level of $2448/$2500
It is good to buy on dips around $2378-80 with an SL of around $2360 for a TP of $2450.


Mexico's Undervalued Equity Market Offers Long-Term Investment Potential
Urban studies: Doing research when every city is different
Stock Futures Dip as Investors Await Key Payrolls Data
China's Refining Industry Faces Major Shakeup Amid Challenges
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures
Energy Sector Outlook 2025: AI's Role and Market Dynamics
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift?
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure
Global Markets React to Strong U.S. Jobs Data and Rising Yields
European Stocks Rally on Chinese Growth and Mining Merger Speculation
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand
Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios 



