Gold Macro-Technical Outlook: Awaiting Inflation Data GoldOANDA:XAUUSDCHIT0SEThe bearish pressure on Gold remains overwhelmingly dominant, driven by the Fed's hawkish stance. Currently, price action is stuck in a distribution phase. Market participants are taking a wait-and-see approach ahead of Thursday's crucial macro data releases: Core PCE (the Fed's preferred inflation gauge) & Final GDP. These data points are practically guaranteed to act as the primary fuel for market volatility. 📊 Technical Roadmap & High-Probability Scenarios Technically, this macro data will likely serve as a catalyst for a liquidity grab before the bearish order flow resumes. Here are the two scenarios I'm monitoring: Scenario A (Initial Pullback): Price rebounds to sweep liquidity at the 4H Key Level, potentially filling the Daily Vol. Imbalance ➡️ Continues the drop in line with the major trend. Scenario B (Initial Low Sweep): Price breaks the current swing low first to sweep early buyers' stops ➡️ Triggers a sharp fakeout back up into the 4H Key Level / Vol. Imbalance ➡️ Continues dropping deeper into lower equilibrium areas. 🛡️ Verdict & Trading Plan Sit on your hands and stay out of the market for now. Do not try to front-run the Fed data. Let this manipulation/stop-hunt phase play out first to sweep liquidity, then patiently wait for a solid sell confirmation once the price taps into your Point of Interest (POI). Protect your capital!