Gold Eyes CPI as Tariffs BiteSpot GoldTRADENATION:XAUUSDFDGCapitalGold (XAU/USD) continues to push higher, recently hitting $3,360. The latest catalyst: escalating trade tensions, as President Trump imposes a fresh round of 30% tariffs on EU and Mexican goods. This is boosting safe-haven demand and weighing on the dollar, albeit modestly. Still, with the Federal Reserve signalling a cautious stance on rate cuts, gold may need an additional spark to clear long-term resistance. Chart Setup: •Current Resistance: Gold is trading just below $3,365, a multi-session ceiling. •Indicators: The RSI remains above 50, reflecting bullish momentum. •Breakout Potential: A strong CPI print tomorrow could challenge this uptrend. But if CPI cools, gold could test the $3,400 psychological barrier. •Pullback Risk: A drop below $3,350 (23.6% Fibonacci) could bring us back to the $3,340–$3,320 support zone. Markets are on edge ahead of Tuesday's U.S. CPI report, which may significantly influence inflation expectations, Fed policy, and safe-haven demand.