U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential 
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One 
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand 
Geopolitical Shocks That Could Reshape Financial Markets in 2025 
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays 
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure 
Global Markets React to Strong U.S. Jobs Data and Rising Yields 
China’s Growth Faces Structural Challenges Amid Doubts Over Data 
European Stocks Rally on Chinese Growth and Mining Merger Speculation 
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
China's Refining Industry Faces Major Shakeup Amid Challenges 
Wall Street Analysts Weigh in on Latest NFP Data 
US Gas Market Poised for Supercycle: Bernstein Analysts 
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 
Add as a preferred source on Google
Ichimoku Analysis (4-hour chart)
Tenken-Sen- $2152.15
Kijun-Sen- $2122.58
Gold hits all-time high ahead of US Non-farm payroll. Any dismal jobs data will push the yellow metal further higher. The ECB kept its rates unchanged and hinted at an early rate cut in June due to easing inflation. The yellow metal hit a high of $2164.77 yesterday and is currently trading around $2161.07.
According to the CME Fed watch tool, the probability of a no-rate cut in Mar decreased to 95% from 96% a week ago.
US dollar index- Bearish. Minor support around 103.40/102.70. The near-term resistance is 104.20/105.
Factors to watch for gold price action-
Global stock market- Bullish (negative for gold)
US dollar index - Bearish (Bullish for gold)
US10-year bond yield- Bullish (negative for gold)
Technical:
The near–term support is around $2144, a break below targets of $2120/$2100. The yellow metal faces minor resistance around $2165 and a breach above will take it to the next level of $2180/$2200.
It is good to buy on dips around $2142-44 with SL around $2120 for TP of $2200.
