Gold Daily Chart - Breakout or Rejection?GoldOANDA:XAUUSDSibiShGold continues to recover strongly from the 3940-4000 demand zone and has reclaimed the 4259 level keeping the daily structure bullish. Price is now approaching the 4380-4400 resistance area which also sits close to the descending trendline. A daily breakout above this region could accelerate the move toward 4456-4479 and potentially 4677-4687 while rejection could send price back toward 4259 and 4195–4165. The upcoming CPI data this week could have a big impact on gold and may trigger a strong move in either direction. Higher than expected inflation could put pressure on gold by pushing yields and the dollar higher while lower than expected inflation could support further upside in gold. Trade Plan-Sell Setup Sell Zone: 4380-4405 Sell Trigger: H1-H4 bearish rejection or bearish engulfing from the resistance zone Targets: 4341, 4303, 4259, 4211, 4165 Invalidation: H4 close above 4405. A sustained breakout above this level would strengthen the bullish trend and could open the door toward 4456-4479. Trade Plan-Buy Setup Buy Zone: 4211-4165 Buy Trigger: H1-H4 bullish rejection or bullish engulfing from the support zone Targets: 4259, 4341, 4380, 4456, 4479 Invalidation: H4 close below 4128. A sustained break below this level would weaken the current bullish structure and could expose 4050-4020. Note Please risk management in trading is a Key so use your money accordingly. If you like the idea then please like and boost. Thank you and Good Luck!