Slipping Below $4,900 📉
Gold is trading near $4,900, extending losses as risk-on sentiment and a stable Dollar limit upside, despite ongoing Fed rate-cut expectations.
🔍 What’s Driving Price?
• Risk-on mood → weaker safe-haven demand
• USD stability → pressure on commodities
• Dovish Fed bets + geopolitical uncertainty → downside limited
📊 Key Levels:
Resistance: 4,930 / 4,970
Support: 4,858 → 4,800
⚠️ This week’s catalysts:
• FOMC Minutes
• US PCE Inflation
Volatility likely. Expect choppy, range-bound moves until clarity emerges.
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