Gold (XAU/USD) Eyeing Breakout Amid Trade War & CPI Data

Gold (XAU/USD) is showing signs of a potential bullish move as it respects the descending trendline and forms a wick near support, indicating buyer presence.

Key Factors:
1️⃣ Gold has reached a key 15-minute resistance level.
2️⃣ Ongoing trade war and tariff uncertainties may drive gold higher as a safe-haven asset.
3️⃣ Price action suggests a possible breakout above the trendline.
4️⃣ U.S. CPI data release today could trigger major volatility—traders should stay alert for a big move.

A break above the resistance zone could open doors for further upside, while a rejection may bring another test of support. Stay cautious and manage risk accordingly!

LMK your opinions in the comments below.