Key levels to watch ahead of tonight’s CPI release:
Gold (XAU/USD) is currently consolidating around $4,191. The Key Resistance ($4,230) is the nearest upside target; a decisive break above this area would confirm a bullish reversal. Conversely, if the inflation data triggers selling pressure, the Strong Support area ($4,140–$4,150) will be a crucial line of defense, where buyers are ready to prevent further price declines.
Bitcoin (BTC) is stuck in the $83,200–$83,770 area. The nearest hurdle is Key Resistance ($84,000); a break above this psychological level is needed to trigger an upward momentum rally. However, if market sentiment worsens after the data release, the Strong Support area ($82,300–$82,720) will be tested as the daily line of defense to keep the short-term trend structure intact.
Tactically, the CPI release at 19:30 WIB will determine the direction of the breakout. An actual reading below expectations would push both assets above their resistance levels, while a higher-than-expected reading would force prices to test the lower boundaries of their respective support zones.
#CPIWatch #StrategyBuys250Bitcoin $XAU $BTC
Gold (XAU/USD) is currently consolidating around $4,191. The Key Resistance ($4,230) is the nearest upside target; a decisive break above this area would confirm a bullish reversal. Conversely, if the inflation data triggers selling pressure, the Strong Support area ($4,140–$4,150) will be a crucial line of defense, where buyers are ready to prevent further price declines.
Bitcoin (BTC) is stuck in the $83,200–$83,770 area. The nearest hurdle is Key Resistance ($84,000); a break above this psychological level is needed to trigger an upward momentum rally. However, if market sentiment worsens after the data release, the Strong Support area ($82,300–$82,720) will be tested as the daily line of defense to keep the short-term trend structure intact.
Tactically, the CPI release at 19:30 WIB will determine the direction of the breakout. An actual reading below expectations would push both assets above their resistance levels, while a higher-than-expected reading would force prices to test the lower boundaries of their respective support zones.
#CPIWatch #StrategyBuys250Bitcoin $XAU $BTC