Gold

Bullish

Archived analysis from Aug 13, 2026, 3:33 AM

Key insight

4,400 reclaimed and holding — July CPI print today is the binary trigger for next leg to 4,500 or reversal

4,409 holds near 3-month high; weak July payrolls (-23K) suppressing Fed rate-hike odds

Main risk

Fed Sep rate hike re-pricing

Hot July CPI today could revive Sep hike bets, pressuring gold back below 4,350

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