UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 
Urban studies: Doing research when every city is different 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes 
Bank of America Posts Strong Q4 2024 Results, Shares Rise 
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One 
European Stocks Rally on Chinese Growth and Mining Merger Speculation 
China's Refining Industry Faces Major Shakeup Amid Challenges 
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data 
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
Energy Sector Outlook 2025: AI's Role and Market Dynamics 
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential 
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand 
Gold -
Ichimoku Analysis (4 Hour chart)
Tenken-Sen- $2342
Kijun-Sen- $2337.72
Gold declined sharply after an upbeat US flash PMI. It hit a low of $2316 yesterday and is currently trading around $2327.
US economic data for the day
US flash manufacturing and services PMI - Strong (negative for Gold)
Existing home sales - bearish (positive for Gold)
According to the CME Fed watch tool, the probability of a 25 bpbs rate cut in Sep increased to 59.5% from 56.7% 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 $2315, a break below the target of $2300/$2280/$2260. The yellow metal faces minor resistance around $2360 and a breach above will take it to the next level of $2375/$2400.
It is good to buy on dips around $2300 with an SL of around $2280 for a TP of $2400.
