Gold Stalls Ahead of CPI – Pullback Setup Loading?

Gold has been aggressively bullish for the past two weeks, but yesterday showed the first signs of exhaustion. Price stalled under the daily high ($3,690), leaving liquidity below untouched.

With CPI and unemployment claims scheduled during the NY session, we may see the dollar strengthen — providing the catalyst for a deeper pullback on Gold.

Key Zones I’m watching:

Upside Liquidity: Sweep above $3,690 (D-H) could serve as a trap before reversing lower.

Downside Targets:

$3,654–$3,652 (D-L/W-H confluence)

$3,600 node

$3,530–$3,550 (H4/8H FVG rebalancing zone)

If this week is to stay bullish overall, a proper low for the week forming inside the H4/8H FVG would set the stage for continuation higher. For now, patience until price makes its move around these zones.