Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes 
Geopolitical Shocks That Could Reshape Financial Markets in 2025 
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 
China’s Growth Faces Structural Challenges Amid Doubts Over Data 
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand 
China's Refining Industry Faces Major Shakeup Amid Challenges 
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty 
Stock Futures Dip as Investors Await Key Payrolls Data 
Bank of America Posts Strong Q4 2024 Results, Shares Rise 
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms 
2025 Market Outlook: Key January Events to Watch 
Energy Sector Outlook 2025: AI's Role and Market Dynamics 
Global Markets React to Strong U.S. Jobs Data and Rising Yields 
European Stocks Rally on Chinese Growth and Mining Merger Speculation 
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays 
Ichimoku Analysis (4 Hour chart)
Tenken-Sen- $2321
Kijun-Sen- $2354.72
Gold trades in a narrow range after a massive sell-off.It hit a high of $2337 yesterday and is currently trading around $2320.86.
US economic data
US durable goods orders- Positive (Bullish for Gold)
New home sales- Strong (Positive for gold)
According to the CME Fed watch tool, the probability of a no-rate cut in June increased to 83.10% from 81.80% a week ago.
Economic data for the day
Apr 25th, 2024, US advance GDP q/q (12:30 pm GMT)
US initial jobless claims
US dollar index- Bullish. Minor support around 105.80/105. The near-term resistance is 106.50/107.40.
Factors to watch for gold price action-
Global stock market- Bearish (positive for gold)
US dollar index - Bullish (negative for gold)
US10-year bond yield- Bullish (negative for gold)
Technical:
The near–term support is around $2300, a break below targets of $2260/$2225/$2195. The yellow metal faces minor resistance around $2340 and a breach above will take it to the next level of $2350/$2375/$2400/$2420/$2450.
It is good to sell on rallies around $2338-40 with SL around $2375 for TP of $2200.
