GOLD PRICE FORECAST: WILL XAU/USD DEFEND 21-DAY SMA ON US CPI INFLATION DATA?
GOLD PRICE FORECAST: WILL XAU/USD DEFEND 21-DAY SMA ON US CPI INFLATION DATA?
Gold consolidates above $2,900 after a 1% rally on Tuesday.
Traders cash in on US Dollar short positions ahead of US CPI data.
Price reclaims 21-day SMA at $2,910, with potential for further upside.
Bullish RSI suggests more upward movement.
Market cautious amid global tariff concerns and awaiting inflation data.
