📌 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?
• 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?
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.