GOLD HOLDS SUPPORT — CPI COULD FUEL THE NEXT MOVEGOLD (US$/OZ)TVC:GOLDChum_tradesGold remains in a strong bullish structure despite the recent technical pullback. Price is currently holding the 4360–4370 support zone, which also aligns with the ascending trendline. This area is important for maintaining the current bullish structure. Today’s CPI data is supportive for Gold: Core CPI m/m came in at 0.0% vs 0.2% forecast, while headline CPI m/m was 0.1% vs 0.2% forecast. The softer-than-expected inflation data could reduce pressure on the USD and Treasury yields, creating additional upside momentum for Gold. The main scenario is to wait for Gold to hold 4360–4370 and form bullish confirmation. If support remains intact, Gold could recover toward 4430–4440, followed by 4475–4480 and potentially 4510–4520. If the correction extends deeper, 4320–4340 becomes the next important support area. A sustained break below this zone would weaken the current bullish structure. 🔑 KEY LEVELS: 🔹 4360–4370 Immediate support and preferred area to monitor for a BUY reaction. 🔹 4320–4340 Major support if a deeper pullback develops. 🔹 4430–4440 Immediate resistance and first recovery target. 🔹 4475–4480 Key higher-timeframe resistance and next upside target. 🔹 4510–4520 Major extended target if bullish momentum continues. ✅ PREFERRED SCENARIO: Gold holds 4360–4370 support. Bullish confirmation → BUY. Recovery above 4430–4440 → target 4475–4480. Strong momentum after breakout could extend toward 4510–4520. If 4320–4340 breaks decisively, pause BUY setups and reassess the structure. BIAS: 🟢 BUY — Bullish structure remains intact, while softer CPI provides additional support for Gold. Prefer buying pullbacks rather than chasing price near resistance.