Gold (XAU/USD) is currently coiling between 3,300,000 and 3,360,000 in a tight triangle formation, right beneath a major resistance cluster. The technical setup suggests a breakout is on the horizon, but traders are holding their breath ahead of today's US CPI release.
A hotter-than-expected inflation print (forecast at 2.7%) could reignite the Fed’s hawkish stance, boosting the dollar and weighing on gold in the short term. Still, the long-term foundation looks solid: 95% of surveyed central banks by WGC hold gold as a core reserve, with half planning to buy more. The bigger trend remains intact — dips may just be opportunities in disguise.
A hotter-than-expected inflation print (forecast at 2.7%) could reignite the Fed’s hawkish stance, boosting the dollar and weighing on gold in the short term. Still, the long-term foundation looks solid: 95% of surveyed central banks by WGC hold gold as a core reserve, with half planning to buy more. The bigger trend remains intact — dips may just be opportunities in disguise.
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