🔍 Fundamental Overview
Gold started the week under pressure near $4,065 after retreating from mid-October highs above $4,380. The correction was driven by improved risk sentiment following progress in U.S.–China trade talks, but underlying bullish fundamentals remain intact.
🌍 Global Drivers:
• Fed Policy: The Fed cut rates by 25 bps to 3.75%-4.00% on Oct 29, signaling caution on further easing. Lower yields support gold’s long-term appeal.
• Dollar & Yields: U.S. Dollar Index firmed slightly, capping upside, but real yields remain low, favoring gold.
• Geopolitical Risks: Trade optimism reduced safe-haven demand temporarily, but Middle East tensions and fiscal uncertainty keep gold supported.
• ETF Flows: Gold ETFs saw moderate inflows last week, signaling continued investor interest despite profit-taking.

📊 Technical Analysis
Support Levels:
• $4,000 – Psychological and structural support
• $3,950 – Next downside zone
• $3,920 – Extended correction target
Resistance Levels:
• $4,100 – Immediate resistance
• $4,150 – Weekly pivot
• $4,193 – Bullish extension target
Indicators:
• MACD: Bearish crossover on short-term charts; momentum slowing
• RSI: ~48 – Neutral, leaning bearish
• Stochastic: Recovering from oversold
• 50-day MA: Price hovering near $4,060; sustained close above $4,100 needed for bullish continuation

📈 Trading Scenarios
✅ Bullish Setup:
• Entry: Above $4,100 with confirmation
• Targets: $4,150 ➡️ $4,193
• Stop-Loss: Below $4,000
• Catalysts: Fed dovish tone, renewed risk-off sentiment, ETF inflows
❌ Bearish Setup:
• Entry: Below $4,000
• Targets: $3,950 ➡️ $3,920
• Stop-Loss: Above $4,100
• Catalysts: Strong U.S. data, hawkish Fed signals, easing geopolitical tensions