Gold
BullishArchived analysis from Aug 13, 2026, 12:14 PM
Key insight
$4,400 resistance tested and rejected intraday — reclaim needed to target $4,500; CPI data today is the binary catalyst.
Holds $4,386 near multi-month highs; July NFP -23k slashes Fed rate-hike risk, underpinning gold.
Main risk
Fed Sept rate hike re-pricing
Hot July CPI print revives rate-hike bets, pressing gold back toward $4,280 support.
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