GOLD | CPI Could Trigger the Next Major Move — 4217 or 4022GoldOANDA:XAUUSDSroshMayi❗️Gold is likely to experience strong and unstable volatility around today’s U.S. CPI release. ⚡️ Headline CPI is expected around 3.6% YoY, higher than the previous reading. If inflation comes in above 3.6%, it would reinforce concerns that price pressures remain elevated, potentially supporting Treasury yields and the U.S. dollar while increasing pressure on gold. ⚡️ Technically The key pivot remains 4148. 🔽As long as gold trades below 4148, bearish pressure remains active toward 4111. A confirmed break below 4111 would expose 4087, followed by 4022 if CPI comes in hotter than expected. 🔼 On the other hand, a CPI reading below 3.6% would suggest inflation is moving in a more favorable direction and could reduce Fed tightening expectations. In that scenario, gold could rebound toward 4174, followed by 4196 and 4217. Pivot: 4148 Support: 4111 – 4087 – 4022 Resistance: 4174 – 4196 – 4217 ➡️ Expect Direction: Bearish below 4148, especially if CPI exceeds 3.6%. Softer-than-expected inflation would favor a bullish recovery toward 4174–4217. ⚠️ Volatility Warning: Expect sharp, fast and potentially erratic price swings during the CPI release. The first move may not necessarily confirm the final direction.