U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 
Wall Street Analysts Weigh in on Latest NFP Data 
2025 Market Outlook: Key January Events to Watch 
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty 
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes 
Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios 
China's Refining Industry Faces Major Shakeup Amid Challenges 
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential 
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 
Stock Futures Dip as Investors Await Key Payrolls Data 
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand 
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure 
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms 
Global Markets React to Strong U.S. Jobs Data and Rising Yields 
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays 
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 
Ichimoku Analysis (4 Hour chart)
Tenken-Sen- $2183.92
Kijun-Sen- $2190.05
Gold showed a nice pullback despite the strong US dollar. The yellow metal hit a high of $2200 yesterday and is currently trading around $2181.
US durable goods orders rose by 1.4% in Feb, compared to a forecast of 1.1%. Core Durable goods orders excluding transportation increased by 0.50% vs. an estimate of 0.40%.
US Richmond fed manufacturing Index- Weak (positive for Gold)
CB Consumer confidence- Weak (bullish for Gold)
According to the CME Fed watch tool, the probability of a 25 bpbs rate cut in June % decreased to 58.30% from 63.70% a day 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 $2170, a break below targets of $2157/$2145/$2130/$2114/$2100. The yellow metal faces minor resistance around $2181 and a breach above will take it to the next level of $2200/$2225/$2250.
It is good to sell on rallies around $2182-84 with SL around $2200 for TP of $2100.
