China’s Growth Faces Structural Challenges Amid Doubts Over Data 
2025 Market Outlook: Key January Events to Watch 
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 
European Stocks Rally on Chinese Growth and Mining Merger Speculation 
Urban studies: Doing research when every city is different 
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays 
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand 
US Gas Market Poised for Supercycle: Bernstein Analysts 
Energy Sector Outlook 2025: AI's Role and Market Dynamics 
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure 
Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios 
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One 
Stock Futures Dip as Investors Await Key Payrolls Data 
Geopolitical Shocks That Could Reshape Financial Markets in 2025 
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.
