Xau still bullishMicro Gold FuturesCOMEX_MINI_DL:MGC1!FormedzeusA triple bottom at 4,100 held, the 4,130 order block did its job, and last week's outside bar swept the low and closed near the high — textbook accumulation. The bias stays long while 4,148 holds. Today price lost the 4,200 psychological level and is drifting toward the 4,177 pivot — exactly the kind of soft pre-CPI drift you expect when gamma is positive and price gets pinned between levels. The working range this week: 4,148 to 4,250. CPI will determine the move up or down, but the forecast so far not looking good for XAU. Scenarios: • 4,200 reclaimed into a cool CPI → 4,224 first, then the 4,250 breakout level. Above that, price discovery. • Drift continues → 4,177 pivot, then a test of 4,148. Lose 4,148 and the bullish bias dies — the 4,130 order block and the 4,100 triple bottom come back into play. This Week's Calendar • Monday — holiday session, thin liquidity. Don't trust the drift in either direction. • Wednesday 8:30 ET — CPI. Consensus 3.7% YoY vs 3.4% prior. This is the week. Hot print pressures both bullish structures; cool print gives them the fuel they need. • Thursday — retail sales and producer prices. The data train continues; expect a second-order reaction day.