GOLD just flexed after that softer CPI print—classic reset followed by controlled recovery. Dollar got smacked, yields eased, and bulls stepped in hard to reclaim ground above $5,000.
Yesterday's 3%+ flush was pure overextension + liquidity grab, not trend damage. Now price is stabilizing with momentum shifting back bullish—higher lows forming, volume supporting the bounce.
Key level in play: the psychological $5,000 zone. Holding above 4990-5000 keeps the door open for continuation. Break and close above 5040-5050 accelerates toward next supply at 5100+.
Downside? Any dip to 4940-4900 is healthy retest of the post-drop range—buyers defended there before, expect the same unless we see fresh dollar strength.