Global Markets React to Strong U.S. Jobs Data and Rising Yields 
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand 
Energy Sector Outlook 2025: AI's Role and Market Dynamics 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 
2025 Market Outlook: Key January Events to Watch 
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays 
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 
Wall Street Analysts Weigh in on Latest NFP Data 
Geopolitical Shocks That Could Reshape Financial Markets in 2025 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data 
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential 
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift? 
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
Bank of America Posts Strong Q4 2024 Results, Shares Rise 
Ichimoku Analysis (4 Hour chart)
Tenken-Sen- $2155.06
Kijun-Sen- $2161.62
Gold traded in a narrow range between $2179.90 and $2146 in the past week ahead of US Fed monetary policy. The central bank expects to keep rates at current levels. Markets eye hints about the timings of rate cuts and how many rate cuts will happen in 2024. The yellow metal hit a high of $2160 at the time of writing and is currently trading around $2156.57.
According to the CME Fed watch tool, the probability of a no-rate cut in Mar decreased to 99% from 98% a week ago.
US dollar index- Bullish. Minor support around 103/102.30. The near-term resistance is 104.20/105.
Factors to watch for gold price action-
Global stock market- Bullish (negative for gold)
US dollar index - Bearish (Bullish for gold)
US10-year bond yield- Bullish (negative for gold)
Technical:
The near–term support is around $2145, a break below targets of $2130/$2114/$2100. The yellow metal faces minor resistance around $2165 and a breach above will take it to the next level of $2180/$2200/$2225/$2250.
It is good to sell on rallies around $2168-70 with SL around $2200 for TP of $2100.
