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The US February unadjusted CPI year-over-year rate will be released in half an hour, and significant volatility in gold is expected.
Gold is currently consolidating below 5200.
Aggressive traders can buy within the 5160-5170 range, based on the 5160 support level.
If the data is strong, it could trigger a sell-off and potentially break below the 5160 support level, so stop-loss orders must be set. The key support levels are 5120/5128. These are relatively important support levels. If the price holds these levels, it will be a good buying opportunity.
If it breaks below 5120, a large-scale sell-off could be triggered, which must be noted. $XAU $XAG