U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 
Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios 
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 
China’s Growth Faces Structural Challenges Amid Doubts Over Data 
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data 
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays 
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 
European Stocks Rally on Chinese Growth and Mining Merger Speculation 
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
Wall Street Analysts Weigh in on Latest NFP Data 
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
China's Refining Industry Faces Major Shakeup Amid Challenges 
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift? 
Geopolitical Shocks That Could Reshape Financial Markets in 2025 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
Ichimoku Analysis (4 Hour chart)
Tenken-Sen- $2170.11
Kijun-Sen- $2186.28
Gold has consolidated in a narrow range between $2157 and $21801 for the past three days. The yellow metal hit a low of $2169 yesterday and is currently trading around $2169.75.
The yellow metal hit an all-time high last week as the fed dot plot shows three rate cuts this year.
According to the CME Fed watch tool, the probability of a 25 bpbs rate cut in June % increased to 64.2% from 50% a week ago.
US dollar index- Bullish. Minor support around 103.40/102.70. The near-term resistance is 104.25/105.
Factors to watch for gold price action-
Global stock market- Bullish (negative for gold)
US dollar index - Bullish (Bearish for gold)
US10-year bond yield- Bullish (negative for gold)
Technical:
The near–term support is around $2157, a break below targets of $2145/$2130/$2114/$2100. The yellow metal faces minor resistance around $2180 and a breach above will take it to the next level of $2200/$2225/$2250.
It is good to sell on rallies around $2178.-80 with SL around $2200 for TP of $2100.
