Weekly Outlook: Big Bullish Move + Key US Data

Market View:
Gold (XAUUSD) finished the week with strong momentum after Nonfarm pushed price close to $3600/oz ATH. On the daily chart, the candle closed almost full body (only ~30% wick), showing no profit-taking yet. The weekly chart is also strongly bullish – confirming that buyers are in control. This signals more upside likely in the coming week and month.

Key US Events This Week:
Wed, Sep 10: Core PPI & PPI m/m → If higher than expected, USD may strengthen short-term, creating pressure on gold.
Thu, Sep 11: CPI (Core, m/m, y/y) + Jobless Claims → the most important release. Lower CPI + higher claims = bullish for gold. Higher CPI = hawkish Fed = pressure.
Fri, Sep 12: UoM Consumer Sentiment & Inflation Expectations → could shift Fed outlook further.
👉 Fundamentals may bring volatility, but overall medium-term trend remains bullish.

Technical Outlook (H1 Chart):
After the Nonfarm breakout, gold is consolidating sideways. Levels to watch:
Support: 3574 – 3551 – 3530 – 3516
Resistance: 3600 – 3621 – 3633 – 3649 – 3669 – 3678

Trading Plan:
BUY bias (preferred):
Long on dips near 3574–3550
SL: below 3530
TP: 3600 → 3621 → 3633 → 3649 → 3669 → 3678
SELL scalp (alternative):
Only if 3530 breaks with strong CPI surprise → target 3516/3527

Summary:
✅ Gold stays in a strong uptrend on Daily & Weekly charts. Macro factors support more upside if inflation keeps easing.
👉 Watch 3592 (bullish trigger) and 3575 (bearish trigger) as the key decision levels.
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