📉 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.
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