1. Core background

The final U.S. CPI data, with a prior value of 4.2 and an expectation of 3.8, was ultimately released at 3.5, far below expectations, basically eliminating expectations of additional rate hikes by the Federal Reserve. Driven by this news, gold surged sharply—jumping from around 4030 to near 4100—then entered high-level consolidation.

2. Market outlook judgment

- Short term: The low point moves higher, showing a short-term rebound. The early-morning close is near 4050 and above the upward channel. The rebound has not ended yet; overall, the market is biased upward in consolidation.
​
- Medium term: On the daily timeframe, the overall direction remains downward, so rebound upside should not be overly optimistic.
​
3. Key levels and trading logic
​
- Support level: 4010 (the rebound point since yesterday). If it is effectively broken and the close is below it, the rebound will end and the market will revert to a downward move.
​
- Resistance level: 4100-4120 (a key resistance from the prior period). Only after an effective breakout will the rebound be able to continue.
​
- Trading idea: As long as 4010 has not been broken, you can look for the rebound. If it falls below 4010, you need to be alert to the end of the rebound and a shift to a downtrend.
​
4. Risk warning
News-driven markets can easily see a surge followed by a pullback. It is not recommended to chase after a spike. Follow the principle of “It’s better to miss than to make a mistake.”
​
5. Disclaimer
The above is only my personal opinion and does not constitute any trading advice. It is for reference only.

I’m taking the day off today. I stayed up late forcing myself to pull an all-nighter last night, and now I feel dizzy and awful. Sorry, brothers.
$XAUUSD ‌