Gold (XAUUSD) Market Update & Strategy – March 13, 2025 📌 Resistance: $2950, $2965 📌 Support: $2920, $2880 Market Overview Gold surged past $2940 following last night’s U.S. CPI release, with prices briefly testing the $2950 level. Inflation data met expectations, but market sentiment remains cautious regarding the Fed's next moves. Traders are assessing whether gold can sustain its momentum or if this is a short-term spike before a potential pullback. Trading Strategy 📈 Bullish Scenario: ✔️ Buy above $2950, targeting $2965-$2980 ✅ Confirmation: 1H close above $2950, RSI >55, MACD bullish crossover. 📉 Bearish Scenario: ✔️ Sell below $2920, targeting $2880 ✅ Confirmation: 1H close below $2920, RSI <45, MACD bearish crossover. 🎯 Stop Loss: 📍 Long: Below $2935 📍 Short: Above $2945 ⚠️ Key Market Events to Watch: Post-CPI market reaction is still unfolding—is this rally sustainable, or a bull trap? Fed officials’ statements later today could impact rate cut expectations, influencing gold's direction. Watch bond yields & USD movements for further clues on gold’s next move. 💬 What’s your view? Is gold set to break higher, or are we due for a correction? 🔥