Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
Stock Futures Dip as Investors Await Key Payrolls Data 
US Gas Market Poised for Supercycle: Bernstein Analysts 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure 
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays 
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data 
Energy Sector Outlook 2025: AI's Role and Market Dynamics 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift? 
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 
European Stocks Rally on Chinese Growth and Mining Merger Speculation 
Wall Street Analysts Weigh in on Latest NFP Data 
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand 
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential 
Bank of America Posts Strong Q4 2024 Results, Shares Rise 
Ichimoku Analysis (4 Hour chart)
Tenken-Sen- $2334.82
Kijun-Sen- $2338.20
Gold showed a minor pullback on soft US ISM manufacturing PMI. It hit a high of $2351 yesterday and is currently trading around $2338.42.
US economic data-
US ISM PMI - Weak (positive for gold)
Markets eye US JOLTS jobs opening for further movement.
According to the CME Fed watch tool, the probability of a no-rate cut in June decreased to 99.9% from 99.10% a week ago.
US dollar index- Bearish. Minor support around 104/103. The near-term resistance is 105/106.50.
Factors to watch for gold price action-
Global stock market- Bullish (negative for gold)
US dollar index - Bullish (negative for gold)
US10-year bond yield- Bearish (positive for gold)
Technical:
The near–term support is around $2320, a break below the targets of $2300/$2285/$2270/$2250. The yellow metal faces minor resistance around $2340 and a breach above will take it to the next level of $2360/$2375/ $2400/$2420/$2450.
It is good to buy on dips around $2300 with SL around $2270 for TP of $2500.
