Wall Street Analysts Weigh in on Latest NFP Data 
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UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 
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Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 
US Gas Market Poised for Supercycle: Bernstein Analysts 
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes 
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data 
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
Energy Sector Outlook 2025: AI's Role and Market Dynamics 
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure 
China’s Growth Faces Structural Challenges Amid Doubts Over Data 
European Stocks Rally on Chinese Growth and Mining Merger Speculation 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Bank of America Posts Strong Q4 2024 Results, Shares Rise 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
Geopolitical Shocks That Could Reshape Financial Markets in 2025 
Ichimoku Analysis (4 Hour chart)
Tenken-Sen- $2322.70
Kijun-Sen- $2318.70
Gold trades flat ahead of US retail sales data. It hit a low of $2310 yesterday and is currently trading around $2321.40.
Markets eye Fed members Barkin, and Kugler speech today for further direction. Any hawkish comments will drag gold prices further down.
Major economic data
US retail sales (12:30 pm GMT)
According to the CME Fed watch tool, the probability of a 25 bpbs rate cut in Sep increased to 57.50% from 45.10% a week ago.
US dollar index- Bullish. Minor support around 104/103. The near-term resistance is 105.50/107.
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 $2280, a break below the target of $2270/$2250/$2228. The yellow metal faces minor resistance around $2320 and a breach above will take it to the next level of $2340/$2350/$2375.
It is good to sell on rallies around $2328-30 with SL around $2340 for TP of $2252.
