📊 XAUUSD TECHNICAL ANALYSIS | CPI DAY 🚨
Today's main market event is the U.S. CPI Inflation Data, which is expected to create significant volatility during the U.S. session.
📉 Gold has broken below the key 4189 support level and is currently consolidating near 4174. The H1 moving average continues to slope downward, maintaining a bearish market structure.
🔄 After yesterday's sharp selloff, a short-term technical rebound is possible from the 4160–4175 zone. However, upside potential remains limited due to strong resistance from the H1 moving average.
🎯 Key Levels:
🔹 Resistance 1: 4200 (Psychological Level)
🔹 Resistance 2: 4224–4234
🔹 Support: 4150
⚠️ Trading View:
The overall trend remains bearish. Any rebound toward resistance zones may provide fresh selling opportunities.
📌 Focus on price action around CPI and avoid emotional trading during high volatility.
#XAUUSD #Gold #CPI #Forex #Trading #MarketAnalysis
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