U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift? 
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 
Urban studies: Doing research when every city is different 
S&P 500 Surges Ahead of Trump Inauguration as Markets Rally 
Ferrari Group to Launch IPO in Amsterdam, Targets Over $1 Billion Valuation 
SoftBank Eyes Up to $25B OpenAI Investment Amid AI Boom 
Wall Street Analysts Weigh in on Latest NFP Data 
Why your retirement fund might soon include cryptocurrency 
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data 
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays 
Apple Downgraded by Jefferies Amid Weak iPhone Sales and AI Concerns 
Global Markets React to Strong U.S. Jobs Data and Rising Yields 
China’s Growth Faces Structural Challenges Amid Doubts Over Data 
U.S. Condemns China's Dominance in Global Shipbuilding and Maritime Sectors 
Home ownership is slipping out of reach. It’s time to rethink our fear of ‘forever renting’ 
Energy Sector Outlook 2025: AI's Role and Market Dynamics 
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One 
Ichimoku Analysis (4-Hour Chart)
Tenken-Sen: $2347.97
Kijun-Sen: $2342.65
Current Price: Gold gained momentum despite strong US inflation data. It hit a high of $2361 and is currently trading around $2359.90.
US Economic Data
- US PPI: Strong (negative for gold)
Major Economic Data for the Day (May 15th, 2024):
- US CPI: Scheduled release at 12:30 pm GMT
- Retail Sales: Scheduled release at 12:30 pm GMT
CME Fed Watch Tool
- The probability of a no-rate cut in June increased to 96.7% from 91.3% a week ago.
US Dollar Index
- Current Trend: Bearish
- Support Levels: 104.50 / 103.75
- Resistance Levels: 106 / 107
Factors to Watch for Gold Price Action
- Global Stock Market: Bullish (negative for gold)
- US Dollar Index: Bearish (positive for gold)
- US 10-Year Bond Yield: Bearish (positive for gold)
Technical Analysis
-
Support Levels:
- Near-term support: $2330
- Further targets: $2320 / $2300
-
Resistance Levels:
- Minor resistance: $2360
- Further targets: $2375 / $2400 / $2420 / $2450
Trading Strategy
- Buy on Dips: Around $2330-32
- Stop Loss (SL): Around $2315
- Target Price (TP): $2400
