GOLD Awaits Breakout Amid Key Data Releases!

GOLD is forming a symmetrical triangle, signaling a potential breakout soon. The price is consolidating near the 2675-2681 resistance zone, a key area to watch.

The PPI data released yesterday slightly disappointed dollar buyers, offering support to the forex market and causing a small correction in gold. Looking ahead, CPI data could bring further support to the market and drive volatility.

If GOLD breaks above 2681, we could see an upward move toward higher levels. However, a failure to hold above this zone may trigger a bearish breakdown toward lower supports.

Resistance: 2675, 2681, 2690
Support: 2667, 2656
The triangle’s apex suggests a decisive move is imminent.
Watch the CPI data and stay alert for the breakout! 🚨