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Gold prices were little changed as U.S. bond yields rose, while the dollar fell to its lowest level in a month. Mixed labor market data – jobless claims fell sharply and private-sector payrolls fell sharply, according to the ADP report – leaving the market hesitant to push prices in a clear direction. Now everyone is waiting for May 2012 inflation data (CPI) to understand the tone of the Fed at its December 2025 meeting.
On the H4 frame, XAUUSD moves sideways in the range 4,160 – 4,260:
4,160 represents dynamic support from the trendline, from which the price has bounced multiple times.
The 4,250 – 4,260 level is a strong resistance area where sellers often find themselves.
Prices are likely to continue to trade sideways in this range ahead of the release of inflation data. Only an upward break of 4,260 or a downward break of 4,160 will form an obvious trend.