Gold is holding near $4,120 as traders lean heavily into expectations of a December Fed rate cut, with odds now above 80%. A softer labor market narrative and ongoing geopolitical uncertainty continue to support the metal.
But the real trigger is coming: the delayed US PPI & Retail Sales data.
📈 Weak numbers → confirms dovish Fed → Gold breaks $4,150 toward $4,200+
📉 Strong numbers → rate-cut bets fade → break below $4,050
Gold is coiled inside a symmetrical triangle — a major breakout is imminent.
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