Gold Stalling Before CPI — Smart Money Waiting?GoldOANDA:XAUUSDSeSeLinaaa-GoldGold is trading around 4,750 – 4,770 on H2, but momentum is slowing as price reacts below key resistance. The market is now caught between fragile geopolitical support and inflation-driven USD pressure. 🌍 Market Context Gold remains sensitive to two main drivers: • US inflation data / Fed expectations • Middle East tensions and oil volatility If inflation stays hot, USD may strengthen and pressure gold. If inflation cools, gold could find room to extend higher. 📊 Technical Overview From a structural perspective: • Price is compressing inside a rising wedge • Lower highs are forming below resistance • Support is still holding, but upside momentum is weakening 👉 This usually signals a decision zone before expansion 📌 Key Levels 🔴 Resistance: 4,748 – 4,778 🟢 Support: 4,683 🟢 Major Demand: 4,558 ⚡ Scenarios Bearish scenario: If price rejects again and breaks 4,683, downside may extend toward 4,558. Bullish scenario: If price reclaims 4,778, gold could continue higher and squeeze toward the next liquidity zone. 💬 Market Debate Gold is holding up, but not breaking out. So the key question is: Is this consolidation before the next move higher… or a liquidity trap before deeper downside?