Gold (XAUUSD) Key Levels & Strategy – March 12, 2025 📌 Resistance: $2926, $2960 📌 Support: $2883, $2832 Market Overview Gold is currently consolidating around $2918 after a strong recovery from recent lows of $2883. The price action remains within a defined range, with $2926 acting as short-term resistance and $2883 as key support. Traders are closely watching today’s U.S. inflation data, with the Core Inflation Rate forecasted at 3.2% YoY and 0.3% MoM. Any deviation from expectations could trigger sharp moves in gold. Trading Strategy 📈 Bullish Scenario: ✔️ Buy above $2926, targeting $2960+ ✅ Confirmation: 1H close above $2926, RSI >55, MACD bullish crossover. 📉 Bearish Scenario: ✔️ Sell below $2883, targeting $2832 ✅ Confirmation: 1H close below $2883, RSI <45, MACD bearish crossover. 🎯 Stop Loss: 📍 Long: Below $2910 📍 Short: Above $2895 ⚠️ Upcoming Market Events to Watch: The U.S. CPI Inflation Report at 12:30 UTC is expected to impact gold prices. A higher-than-expected reading could boost the USD, pressuring gold lower, while a weaker inflation print may increase expectations of Fed rate cuts, pushing gold higher. Market volatility is likely to increase, so traders should be prepared for sharp price swings. Are you going long or short? Share your thoughts! 💬🔥