Technical Analysis: Today’s U.S. session will see the release of this week’s most important macroeconomic data—the U.S. May CPI inflation report—which is expected to trigger cautious volatility during the European session and sharp price swings during the U.S. session. The price has now broken below the key level of 4189 and is consolidating near the low of 4174. The moving average (red line) is showing a steep downward divergence, forming a classic bearish pattern! Given the need for a technical correction following yesterday’s sharp decline in the New York market, gold prices may consolidate in the 4160–4175 range to form a short-term bottom and rebound. However, given the strong resistance from the H1 moving average, the scope for a rebound is very limited. Key Levels: Resistance: The 4,200 psychological level! Second resistance at 4,224–4,234! Support near 4,150! In terms of trading, continue to focus primarily on sell positions! #XAUUSD #CPI