Gold at a Turning Point: Will PCE Data Trigger the Next BreakoutGoldOANDA:XAUUSDMMFlowTrading🟡 XAUUSD PLAN UPDATE – MMFlow Trading 📰 Fundamental Context Later today, traders are watching the US PCE Price Index – the Fed’s preferred inflation gauge. Forecast: unchanged from the previous reading, which means no major inflation pressure. If the data comes in slightly stronger for the USD, gold could face short-term downside pressure before bouncing. Pre-news behaviour often includes liquidity grabs around key levels before the real move begins. 📊 Technical Outlook (M15) Gold is trading inside a descending channel with several important zones: Resistance / Supply: 3414.3 → short-term cap. 3424 – 3425 → strong supply zone. Support / Demand: 3394.4 → interim support. 3384.3 → key demand zone. 3375.6 → structural support, trend pivot. 3363.0 → last line of defence if breakdown occurs. 🎯 Trading Scenarios (Pre & Post PCE) 1️⃣ Bullish Bias (primary scenario) Holding above 3384 – 3375 suggests a rebound. Break of 3414 opens the door to 3424 – 3425. A clean break above 3425 could extend the bullish leg towards 3435+. 2️⃣ Bearish Scenario (if USD strengthens) Failure at 3414 – 3420 may trigger a pullback towards 3384 – 3375. A decisive break below 3375 risks further downside into 3363. 📍 Trade Plan (Guidance Only) Buy zone: 3384 – 3375 (with confirmation signals). Sell zone: 3414 – 3425 (short-term trades only, especially pre-news). Stops: 5–7$ beyond key levels. Targets: 10–20$ depending on risk appetite. ✅ Conclusion Ahead of PCE: expect gold to accumulate within the channel, hunting liquidity. After PCE: if data is slightly USD-positive, gold may dip into 3384 – 3375 before resuming its broader bullish path. The overall bias remains bullish while above 3375 – 3363.