📅 FRIDAY'S KEY ECON...from Sagaah Elite Management

📅 FRIDAY'S KEY ECONOMIC DATA – All Eyes on Inflation & Manufacturing (IST Time Zone) 🇺🇸 USD | Core PCE Price Index (YoY) – Apr 🕕 Time: 18:00 📈 Prev: 2.6% | 📉 Forecast: 2.5% ⭐ Impact: High 📝 Key inflation gauge for Fed policy outlook. 🇺🇸 USD | Core PCE Price Index (MoM) – Apr 🕕 Time: 18:00 📈 Prev: 0.0% | 📉 Forecast: 0.1% ⭐ Impact: High 📝 Monitors month-over-month inflation trends. 🇺🇸 USD | Chicago PMI – May 🕖 Time: 19:15 📈 Prev: 44.6 | 📉 Forecast: 45.1 ⭐ Impact: High 📝 Key regional manufacturing indicator. 🟡 Traders Watchlist: → Could shape the next move for USD, gold, and indices. → Surprises here may shift Fed rate cut expectations. #EconomicData #USD #Gold #Inflation #PCE #ChicagoPMI #Fed #TradingNews #Forex #MacroData

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Gold Gains on Growth Concerns & Fed Cut Bets Gold edges higher in Monday’s early European session, drawing safe-haven demand amid rising global growth worries and renewed speculation over Fed rate cuts. 📊 US economic concerns continue to support bullish flows, even as senators reach a tentative deal to end the government shutdown. 🔔 Eyes on: $4,050 resistance zone US macro data this week Fed policy signals

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Technical Outlook on Gold : Consolidation or Breakdown? Gold’s recent pullback follows a sharp rally in October, where prices touched record highs near $4,380. Analysts suggest the current move may be part of a broader consolidation phase, with strong support still visible near the $3,900–$3,920 zone. October gain: +3.74% despite volatility Support zone: $3,900–$3,920 Resistance: $4,000 psychological level

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📉 Gold Slips Below $4,100 — Correction Mode On? Gold starts the week under pressure, trading just below $4,100/oz, despite a mild rebound from intraday lows. Risk-on sentiment fueled by renewed US–China trade optimism is trimming safe-haven demand, while rising Treasury yields limit upside momentum. 🔹 Market Snapshot Gold dips below $4,100 amid stronger global risk appetite US-China trade hopes boost equities, denting gold’s appeal Fed meeting in focus — dovish expectations weaken the USD Technical view: Bear Cross + bearish RSI on 4H chart signal potential further downside ⚠️ Analyst Take: Momentum favors sellers for now, but upcoming Fed cues and trade negotiations could spark volatility. Watch $4,050 and $4,000 as key support zones — a deeper correction may unfold before the next bullish setup. #Gold #XAUUSD #Trading #Commodities #Fed #Markets #TechnicalAnalysis #USChina #Investing

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