📌 Key Highlights
• Gold opened the week with a bearish gap, reflecting the market's reaction to weekend developments surrounding rising U.S.–Iran tensions after the U.S. warned it would retaliate if Iran attempted any action against President Trump.
• This week's key events are the U.S. CPI, PPI, and Fed Chair Kevin Warsh's congressional testimony. These events are expected to play a major role in shaping Fed rate expectations and Gold's short-term direction.
• Technically, Gold remains trapped within a triangle pattern, suggesting the market is waiting for a strong catalyst before committing to its next directional move.
📌 Trading Plan
Resistance: 4072–4080 | 4125–4140 | 4175–4190 | 4200
Support: 4050 | 4020 | 3980–3960
Extended Support: 3900 | 3888 | 3850
📌 Personal View
✅ Gold is still consolidating within a key decision zone.
✅ Watch price reactions carefully around the major support and resistance levels.
✅ A breakout above 4080 could extend the recovery toward 4125–4140.
✅ A breakdown below 3960 could expose the next downside targets at 3900–3888, followed by 3850.
📌 What do you think?
Will CPI be the catalyst that drives Gold out of its consolidation range, or will the market continue to trade sideways?
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