Where Is XAUUSD Headed Next? | Gold Price Action & Key Levels Discussion
April US inflation comes in hotter than expected: CPI data breakdownThe U.S. war with Iran has pushed inflation to its highest level in almost three years. Consumer prices in April were up 3.8% from a year ago, according to a report Tuesday from the Labor Department. That was the biggest annual increase since May 2023.
A space for traders to discuss XAUUSD price action, liquidity zones, market structure, and major news events impacting Gold. Share setups, insights, and trading perspectives daily.
🥇 GOLD (XAU/USD)
Gold dropped below $4,700 as hotter US CPI reduced Fed rate-cut hopes.Higher inflation and stronger USD pressured bullion prices.
🔹 Resistance Levels: 4725 – 4760 – 4800🔹 Support Levels: 4680 – 4650 – 4600
➡️ Selling pressure likely below 4725. 
