Gold Stalling Before CPI — Smart Money Waiting?
Gold is trading around 4,750 – 4,770 on H2, but momentum is slowing as price reacts below key resistance.
The market is now caught between fragile geopolitical support and inflation-driven USD pressure.
🌍 Market Context
Gold remains sensitive to two main drivers:
• US inflation data / Fed expectations
• Middle East tensions and oil volatility
If inflation stays hot, USD may strengthen and pressure gold.
If inflation cools, gold could find room to extend higher.
📊 Technical Overview
From a structural perspective:
• Price is compressing inside a rising wedge
• Lower highs are forming below resistance
• Support is still holding, but upside momentum is weakening
👉 This usually signals a decision zone before expansion
📌 Key Levels
🔴 Resistance: 4,748 – 4,778
🟢 Support: 4,683
🟢 Major Demand: 4,558
⚡ Scenarios
Bearish scenario:
If price rejects again and breaks 4,683, downside may extend toward 4,558.
Bullish scenario:
If price reclaims 4,778, gold could continue higher and squeeze toward the next liquidity zone.
💬 Market Debate
Gold is holding up, but not breaking out.
So the key question is:
Is this consolidation before the next move higher… or a liquidity trap before deeper downside?
source https://www.tradingview.com/chart/XAUUSD/fIoC8MEg-Gold-Stalling-Before-CPI-Smart-Money-Waiting/
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