Gold on the Edge — Is This the Start of a Major Breakdown?

#XAUUSD / #GOLD
Gold is retesting a major resistance zone within a clear downtrend — and the pressure is building.
After a sharp 3% drop, gold is stabilizing near $3,200, as markets brace for the upcoming US CPI data, which could spark a major move.

Optimism over US-China trade talks and dollar profit-taking is providing temporary support… but how long will it hold?

Key Resistance: 3269 - 3284
Support Levels: 3246 - 3200 - 3167

If inflation data brings no surprises, expect a potential false breakout near 3260–3270, followed by heavy selling back toward 3200 and possibly 3150.

Trend Bias: Bearish — and the perfect sell setup may be right around the corner.