The Upcoming Week's Important Events and Data Preview

1.

$Gold - main 2506(GCmain)$ Monday's Trend Asian Market Trend:

Gold extended its gains and is on track to test the 3400 handle in the near term. Gold's bullish momentum remains strong, as depicted by the Relative Strength Index (RSI); the technical indicator has plenty of upside before turning overbought.

On the upside, the first resistance level for gold is $3,400, followed by the swing high of $3,438 on 7 May and $3,450. A break above these levels would take gold prices to an all-time high of $3,500.

On the bearish side,, if gold falls below $3,300, it is expected to fall to the May 20 low of $3,204, followed by the 50-day simple moving average (SMA) of $3,199. (but the odds are slim)! Monday's open will see gold rise sharply!

A test of 3385 is expected! Gold is now quoted at 3360, and when the market opens, it will go straight into buying, TP:3385 -3390

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2.

Next week's important events and data preview: $S&P 500(.SPX)$ $Cboe Volatility Index(VIX)$ $XAU/USD(XAUUSD.FOREX)$

1. Monday: ① Events: Federal Reserve Chairman Jerome Powell delivered the commencement address at the Princeton University graduation ceremony; European Central Bank President Christine Lagarde delivered a speech at the Hertie Institute in Berlin. ② holiday: U.S. stocks are closed for a day because of the Fallen Generals Memorial Day; the Chicago Mercantile Exchange's precious metals, U.S. crude oil futures contract trading was suspended at 02:30 Beijing time on the 27th, stock index futures contract trading was suspended at 01:00 Beijing time on the 27th; IntercontinentalExchange's Brent crude oil futures contract trading ended at 01:30 Beijing time on the 27th ahead of time; the U.K. stock market is closed for the day because of the Spring Bank Holiday. ③Earnings: Meituan

2. Tuesday: ① Data: Germany's June Gfk consumer confidence index; Switzerland's April trade account; France's preliminary May CPI monthly rate; the euro zone's May industrial sentiment index, economic sentiment index; U.S. monthly durable goods orders in April, the March FHFA house price index monthly rate, the annual rate of the March S&P/CS 20 large cities unadjusted house price index, the May Consultative Conference Consumer Confidence Index, the May Dallas Dallas Fed Business Activity Index for May. ② Earnings reports: Xiaomi Group, Shutterstock, Pinduoduo.

3. Wednesday: ①Data: Australia's weighted annualised CPI rate for April; France's final annualised GDP rate for the first quarter; Germany's quarterly jobless numbers and unemployment rate for May; Switzerland's ZEW investor confidence index for May; US Richmond Fed manufacturing index for May. ② Events: Fed's Williams participated in the panel discussion at the Bank of Japan's Institute for Financial Research; New Zealand Fed's interest rate resolution and monetary policy statement, the Acting Chairman of the conference; the 39th Ministerial Meeting of OPEC and non-OPEC oil-producing countries was held; U.S. Vice President Vance delivered a speech at the ‘Bitcoin 2025’ conference.

4. Thursday: ① Data: U.S. to May 23 weekly API crude oil inventories, EIA natural gas inventories; Canada's current account for the first quarter; U.S. to May 24 weekly initial jobless claims, first-quarter annualised quarterly revisions to real GDP, April monthly rate of the index of contracted home sales. ② events: the Federal Reserve released minutes of the May monetary policy meeting. ③ Earnings: Ideal Motors, Fortis Holdings, Dell.

5. Friday: ① Data: U.S. crude oil inventories for the week to May 23 EIA; Japan's April unemployment rate; Switzerland's May KOF economic leading indicators; Germany's preliminary May CPI monthly rate; Canada's March GDP monthly rate; U.S. annual core PCE price index in April, the Chicago PMI in May, the final University of Michigan Consumer Sentiment Index in May, and the final expected one-year inflation rate in May.

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