European Stocks Rally on Chinese Growth and Mining Merger Speculation 
Bank of America Posts Strong Q4 2024 Results, Shares Rise 
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift? 
Stock Futures Dip as Investors Await Key Payrolls Data 
China's Refining Industry Faces Major Shakeup Amid Challenges 
Geopolitical Shocks That Could Reshape Financial Markets in 2025 
China’s Growth Faces Structural Challenges Amid Doubts Over Data 
US Gas Market Poised for Supercycle: Bernstein Analysts 
Global Markets React to Strong U.S. Jobs Data and Rising Yields 
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure 
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms 
Urban studies: Doing research when every city is different 
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data 
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One 
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 
Ichimoku Analysis (4 Hour chart)
Tenken-Sen- $2170.11
Kijun-Sen- $2186.28
Gold has consolidated in a narrow range between $2157 and $21801 for the past three days. The yellow metal hit a low of $2169 yesterday and is currently trading around $2169.75.
The yellow metal hit an all-time high last week as the fed dot plot shows three rate cuts this year.
According to the CME Fed watch tool, the probability of a 25 bpbs rate cut in June % increased to 64.2% from 50% a week ago.
US dollar index- Bullish. Minor support around 103.40/102.70. The near-term resistance is 104.25/105.
Factors to watch for gold price action-
Global stock market- Bullish (negative for gold)
US dollar index - Bullish (Bearish for gold)
US10-year bond yield- Bullish (negative for gold)
Technical:
The near–term support is around $2157, a break below targets of $2145/$2130/$2114/$2100. The yellow metal faces minor resistance around $2180 and a breach above will take it to the next level of $2200/$2225/$2250.
It is good to sell on rallies around $2178.-80 with SL around $2200 for TP of $2100.
