U.S. CPI data is due shortly
Inflation data will influence market expectations for the Fed's interest rate path.
If inflation cools → rate cut expectations rise → gold may find support.
If inflation comes in above expectations → the dollar and Treasury yields strengthen → gold may come under pressure.
Technically, gold is consolidating at high levels and waiting for a breakout
Gold's uptrend remains intact for now, but in the short term it has entered a tug-of-war between bulls and bears. Stay focused on long-term gold positioning! #XAU
Inflation data will influence market expectations for the Fed's interest rate path.
If inflation cools → rate cut expectations rise → gold may find support.
If inflation comes in above expectations → the dollar and Treasury yields strengthen → gold may come under pressure.
Technically, gold is consolidating at high levels and waiting for a breakout
Gold's uptrend remains intact for now, but in the short term it has entered a tug-of-war between bulls and bears. Stay focused on long-term gold positioning! #XAU
