Gold loses 4,200 and breaks the H4 EMA – downtrend intact ahead of Wednesday’s CPI
Bias: 🔻 Bearish
🔴 SELL zone 4,197 – 4,205 | SL 4,230
🟢 BUY zone 4,170 – 4,178 | SL 4,148
⚠️ Key risk: Quiet calendar Tuesday · US CPI Wed 8:30 AM ET
💲 ⚠️ Levels are COMEX gold futures (GC=F), not spot – spot trades roughly $20 lower
More details
🧭 Plan & scenarios
- The data: gold lost 4,200 and broke the H4 EMA; daily/H4 under the EMAs – downtrend into Wednesday CPI (FXStreet/CNBC).
- The tape: Asian open tagged 4,206 then faded; FXStreet XAU/USD ~−1.5% to 4,163; WTI >$93 (Hormuz/Houthi).
- Why: oil → inflation → rates channel; dollar and geopolitics capped the bounce after the 'energy ceasefire' pop.
- Levels: sell rallies under 4,202 → 4,178 then 4,170; buy 4,170–4,178; break of 4,170 → 4,128–4,091.
- Risk: CPI Wed 8:30 AM ET (est. 3.6% y/y); hot → break 4,170; soft → pop toward 4,242–4,259.
💡 Our take
Trade the plan, not the noise.
Technical analysis for educational purposes only – not investment advice.
⚠ For information and education only – not investment advice. Trading gold and CFDs carries a high risk of loss.