Gold is facing a critical moment as hotter-than-expected US inflation data puts pressure on the market.
• US CPI rose to 3.7% year-over-year in September, above the 3.6% forecast.
• Core CPI reached 2.6%, also higher than expected.
• Rising inflation has strengthened expectations of tighter Federal Reserve policy, putting pressure on gold.
**Now the Market Is Watching PPI**
The upcoming US Producer Price Index (PPI) could determine gold’s next move. Traders will be watching whether producer inflation comes in above or below expectations.
If PPI comes in softer than expected, gold could regain momentum toward $4,200–$4,230.
If PPI surprises to the upside, a stronger dollar and rising Treasury yields could push gold back toward $4,100 or even $4,066.
- Resistance: $4,160
- Upside targets: $4,200–$4,230
- Support: $4,100
- Major downside support: $4,066
💡 **My View:** CPI has increased inflation concerns, but PPI could change the short-term direction. I’m watching price action around key levels and waiting for confirmation rather than entering blindly before the data.
**What’s your expectation? 👇**
🟢 Gold breaks $4,200
🔴 Gold drops below $4,100
#Gold #XAUUSD #CPI #PPI #Inflation #FederalReserve
*Market analysis for educational purposes only. Not financial advice. Manage risk and DYOR.
#KOSPICloses7.57%LowerTriggeringCircuitBreaker #WarshPushesToScaleBackForwardGuidanceAndDotPlot #BlackRockCryptoAssetsJump63%
$XAUT
• US CPI rose to 3.7% year-over-year in September, above the 3.6% forecast.
• Core CPI reached 2.6%, also higher than expected.
• Rising inflation has strengthened expectations of tighter Federal Reserve policy, putting pressure on gold.
**Now the Market Is Watching PPI**
The upcoming US Producer Price Index (PPI) could determine gold’s next move. Traders will be watching whether producer inflation comes in above or below expectations.
If PPI comes in softer than expected, gold could regain momentum toward $4,200–$4,230.
If PPI surprises to the upside, a stronger dollar and rising Treasury yields could push gold back toward $4,100 or even $4,066.
- Resistance: $4,160
- Upside targets: $4,200–$4,230
- Support: $4,100
- Major downside support: $4,066
💡 **My View:** CPI has increased inflation concerns, but PPI could change the short-term direction. I’m watching price action around key levels and waiting for confirmation rather than entering blindly before the data.
**What’s your expectation? 👇**
🟢 Gold breaks $4,200
🔴 Gold drops below $4,100
#Gold #XAUUSD #CPI #PPI #Inflation #FederalReserve
*Market analysis for educational purposes only. Not financial advice. Manage risk and DYOR.
#KOSPICloses7.57%LowerTriggeringCircuitBreaker #WarshPushesToScaleBackForwardGuidanceAndDotPlot #BlackRockCryptoAssetsJump63%
$XAUT