FreshForexTeam

XAUUSD has been holding around the 2300 level pretty resiliently the last few sessions, despite some hawkish rhetoric from central banks. My read is we are still consolidating after the strong run up. I'm keeping an eye on the upcoming CPI data and Fed speak this week; a surprisingly hot print could finally break this range to the downside, with 2280 as the next key support level I'm watching. Alternatively, a cooling CPI could give it the impulse to test 2330 again.