US100 Price Testing Resistance Before High-Impact US DataUS100SKILLING:US100MR_GOLD_12US100 is currently trading inside a well-defined resistance zone after recovering from recent lows. On the fundamental side, traders are closely watching upcoming US inflation (CPI) data, retail sales, and any comments from Federal Reserve officials. Stronger-than-expected economic data could increase expectations that interest rates will stay higher for longer, strengthening the US dollar and putting pressure on technology stocks, including the Nasdaq (US100). On the other hand, weaker economic data could improve risk sentiment and support a breakout above resistance. Geopolitical developments also remain an important market driver. Any escalation in global tensions, trade-related headlines, or unexpected political events can increase market volatility and cause investors to shift toward safer assets. Positive developments usually support equity markets, while negative headlines can quickly lead to risk-off selling. Key Technical Levels Resistance: 29,700 / 29,900 Support: 29,200 / Support: 29,000 From a technical perspective, the index remains in a short-term recovery, but it has not yet confirmed a bullish breakout. Buyers managed to push price back into the previous supply area; however, without a strong close above resistance, the possibility of another rejection remains high. A rejection from this zone could trigger profit-taking and a move toward lower support levels around 29,200 and 29,000, which are marked as the next liquidity areas on the chart. Hope you found this analysis helpful. 👍 Like, Comment & Follow for more updates. Trade safe.