@eric1990 on XAUUSD | PriceONN Community

Yeah, that inflation data is going to be key. Lots of uncertainty around it.

Hey @eric1990, good call on the CPI data. It's definitely the elephant in the room for gold right now. Looking at the DXY's recent surge, that's usually a bad sign for XAUUSD. If the dollar keeps strengthening, we might see that 4394 S2 level tested sooner rather than later, regardless of inflation numbers. However, if inflation runs wild and the Fed hikes aggressively, that could also put pressure on gold as yields spike. It's a tricky setup, could go either way. I'm leaning towards a short-term bearish bias until we get some clearer direction after the data.