Gold: CPI at 9:30 tonight will be decisive!
Key levels to watch:
• Short-term support for longs: 4040–4020
• Resistance above: 4170–4150
• Strong resistance at 4200–4230; if it can’t break through, expect a pullback
4150–4170 is this week’s high, with the heaviest resistance.
4020–4040 is the first support zone. As long as 4020 doesn’t break decisively, the broader trend remains range-bound with an upward bias.
The market is choppy right now, shaking out traders without strong conviction.
Focus on buying dips at support—don’t chase highs.
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