How AI prompting turned writerly description into an everyday skill 
Today’s space race could turn fatal if we don’t agree on new rules 
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J.P. Morgan Sees Potential Vestas Guidance Upgrade Amid Strong Wind Energy Demand 
How Donald Trump has changed the way diplomacy is done 
With Iran and the US signing a peace deal, where does that leave Benjamin Netanyahu? 
Gold's 365-Day EMA Streak Since Oct 2023 Faces Its First Real Test at $3,980 — Break or Bounce to $4,140? 
Sell the Bounce": Gold Rally Stalls Near $4165 as Fed Hawks Slam the Door on Rate Cuts — Targets $4000/$3600 
Goldman Sachs: US Dollar Likely to Stay Strong Despite Oil Price Retreat 
Gold prices showed a minor sell-off due to profit booking. It hits an high of $2882 and currently trading around $2866.
On February 5, 2025, the U.S. ADP Non-Farm Employment Change report showed that the private sector added 183,000 jobs in January compared to a forecast of 148,000 and 176,000 revised for the previous month. The ISM Services PMI, however, slowed to 52.8 in January as growth was gradually coming down. It continued expanding for the seventh consecutive month, though. This decline in growth was mentioned to be slowing business activity and new orders partly because of adverse weather conditions.
Rate Pause Sentiments Climb
According to the CME Fed Watch tool, the chances of a rate pause in the Mar 19th 2025 meeting have increased to 85.5% up from 82% a week ago.
Technical Analysis: Key Levels and Trading Strategy
Gold prices are holding above short-term moving averages 34 EMA and 55 EMA and long-term moving averages (200 EMA) in the 4-hour chart. Immediate support is at $2845 and a break below this level will drag the yellow metal to $2820/$2800/$2770/$2740. The near-term resistance is at $2880, with potential price targets at $2920/$2950. It is good to buy on dips around $2828-30 with a stop-loss at $2790 for a target price of $2900.
