Gold Eyeing $5,000 Milestone! 🚀 Will Today's CPI Data Trigger the Mega Breakout?
Gold (XAU/USD) is currently trading at a critical level of $4,968, and the tension in the market is palpable. While the technicals are screaming Bullish, all eyes are now on the CPI Data release scheduled for 13:30 UTC.
Gold is hugging a strong ascending trendline. Trading just below $5,000, it’s looking for a catalyst to break this psychological barrier.
This high-impact news is expected to bring massive volatility. If the data supports a weaker dollar, my analysis points toward a continued Up-Trend, potentially launching Gold well past the $5,000 mark.
A positive reaction to CPI could see us testing $5,150 - $5,200 in a very short time.
What’s your prediction for the 13:30 UTC CPI release? 📊 Bullish for Gold or a surprise dip? Type "UP" if you think we hit $5,000 tonight! 👇
#XAUUSD❤️ #CPIdata #TechnicalAnalysis #BinanceSquare #bullish