2025 Market Outlook: Key January Events to Watch 
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
China's Refining Industry Faces Major Shakeup Amid Challenges 
US Gas Market Poised for Supercycle: Bernstein Analysts 
China’s Growth Faces Structural Challenges Amid Doubts Over Data 
Stock Futures Dip as Investors Await Key Payrolls Data 
Global Markets React to Strong U.S. Jobs Data and Rising Yields 
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 
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms 
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand 
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential 
Geopolitical Shocks That Could Reshape Financial Markets in 2025 
Energy Sector Outlook 2025: AI's Role and Market Dynamics 
Wall Street Analysts Weigh in on Latest NFP Data 
Urban studies: Doing research when every city is different 
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
dxdIchimoku Analysis (4 Hour chart)
Tenken-Sen- $2336.37
Kijun-Sen- $2322.10
Gold pared some of its gains after upbeat US inflation. It hit a high of $2352 yesterday and is currently trading around $2332.63.
US economic data
US PCE- Positive (Bearish for Gold)
UoM consumer sentiment- Weak (Positive for gold)
According to the CME Fed watch tool, the probability of a no-rate cut in June increased to 88.40% from 88.9% a week ago.
Economic data for the week
Apr 30th, 2024, Chicago PMI (1:45 pm GMT)
US CB consumer confidence (2 pm GMT)
May 1st, 2024, ADP employment change (12:15 pm GMT)
US ISM manufacturing PMI (1:45 pm GMT)
Federal funds rate (6:00 pm GMT)
May 2nd, 2024, US Initial jobless claims (12:30 pm GMT)
May 3rd, 2024, US Non-farm payroll (12:30 pm GMT)
US dollar index- Bullish. Minor support around 105.80/105. The near-term resistance is 106.50/107.40.
Factors to watch for gold price action-
Global stock market- Bearish (positive for gold)
US dollar index - Bullish (negative for gold)
US10-year bond yield- Bullish (negative for gold)
Technical:
The near–term support is around $2300, a break below targets of $2260/$2225/$2195. The yellow metal faces minor resistance around $2350 and a breach above will take it to the next level of $2375/$2400/$2420/$2450.
It is good to sell on rallies around $2368-70 with SL around $2400 for TP of $2200.
