Global Markets React to Strong U.S. Jobs Data and Rising Yields 
Energy Sector Outlook 2025: AI's Role and Market Dynamics 
Wall Street Analysts Weigh in on Latest NFP Data 
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand 
Urban studies: Doing research when every city is different 
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential 
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms 
China’s Growth Faces Structural Challenges Amid Doubts Over Data 
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes 
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One 
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure 
Stock Futures Dip as Investors Await Key Payrolls Data 
Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data 
 - EconoTimes)
Gold hits fresh all-time high ahead of US fed monetary policy. It hit a high of $2589.71 and is currently trading around $2584.30.
Chart pattern
Gold- CCI (50) Bearish divergence (Daily chart)
US 10-year yield - CCI (50) Bullish divergence (Daily chart)
According to the CME Fed watch tool, the probability of a 50 bpbs rate cut in Sep increased to 67% from 30% a week ago.
US dollar index- Bearish. Minor support around 100.50/99.80. The near-term resistance is 101.40/102.
Factors to watch for gold price action-
Global stock market- Bullish (Negative for gold)
US dollar index - Bearish (Positive for gold)
US10-year bond yield- Bearish (positive for gold)
Technical:
The near–term support is around $2570, a break below the target of $2560/$2544/$2535/$2520. The yellow metal faces minor resistance around $2590 and a breach above will take it to the next level of $2622/$2650.
Indicator (Daily chart)
CCI (14)- Bullish
CCI (50)- Bullish
Average directional movement Index - Bullish
It is good to sell on rallies around $2584-85 with SL around $2600 for TP of $2545/$2520.
