💥 XAU/USD: Why Gold Is Surge‑Watching While Inflation Looms
Gold just broke above $3,360/oz — smart traders are watching. Here's the snapshot:
🔹 Safe‑haven demand is spiking as geopolitical risks and trade uncertainty push capital into gold.
🔹 U.S. CPI inflation data drops later today: markets expect 2.7% headline and 3.0% core—any surprise could spark major breakout or sell‑off.
🔹 Technical setup: price recently bounced off the 21‑day MA (~$3,339) and is now testing the 23.6% Fibonacci resistance around $3,377. A clean breakout could lead to $3,400–$3,440, failure could test $3,325–$3,297.
📌 Want scalps or swing trades? Watch how gold reacts post‑CPI.
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