Gold ($XAU /USD) Latest Market View
● Current Price Context:$XAU
Gold is trading above the $5,000/oz zone, holding key trendline support after recent volatile swings. Bulls are trying to regain strength near the $5,100 resistance level, but upside has been capped by profit‑taking and stronger USD demand. Prices remain in a range, with the path above $5,095 key for the next push higher.
● Technical Signals:
Price action shows consolidation just below resistance, with sellers defending the $5,100 area.
Trendline support from recent lows still intact, reinforcing a bullish medium‑term bias if buyers remain active.
A break below trend support could trigger a retracement toward the $4,900–$4,800 zone.
● Key Levels to Watch:
Resistance: ~$5,095–$5,100 (strong cap)
Support: ~$4,946 and ~$4,811 (trendline areas)
● Market Drivers:
Upcoming US CPI and jobs data will likely influence gold’s next direction, with stronger inflation figures potentially pushing safe‑haven demand and lifting $XAU above key hurdles.
Note: This analysis is based on recent price behavior and technical patterns; XAU can be sensitive to macroeconomic news and US Dollar strength.#GOLD_UPDATE #GOLD #CPIWatch #CPIWatch #CPIWatch
