Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes 
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms 
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift? 
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential 
China's Refining Industry Faces Major Shakeup Amid Challenges 
US Gas Market Poised for Supercycle: Bernstein Analysts 
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand 
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One 
Energy Sector Outlook 2025: AI's Role and Market Dynamics 
Global Markets React to Strong U.S. Jobs Data and Rising Yields 
Urban studies: Doing research when every city is different 
Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios 
Stock Futures Dip as Investors Await Key Payrolls Data 
Geopolitical Shocks That Could Reshape Financial Markets in 2025 
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 
Gold -
Ichimoku Analysis (4 Hour chart)
Tenken-Sen- $2357
Kijun-Sen- $2341
Gold showed a nice pullback on board-based US dollar selling. It hit a high of $2367 at the time of writing and is currently trading around $2366.
US economic data
US ADP employment- Weak (positive for gold)
According to the CME Fed watch tool, the probability of a 25 bpbs rate cut in Sep decreased to 59.90% from 56.30% a week ago.
US dollar index- Bullish. Minor support around 105.50/104. The near-term resistance is 106.20/107.
Factors to watch for gold price action-
Global stock market- Bullish (negative for gold)
US dollar index - Bearish (positive for gold)
US10-year bond yield- Bearish (positive for gold)
Technical:
The near–term support is around $2340, a break below the target of $2320/$2300/$2260/$2250. The yellow metal faces minor resistance around $2370 and a breach above will take it to the next level of $2400$2425.
It is good to buy on dips around $2340 with an SL of around $2320 for a TP of $2400.
