Tonight, the CPI data will be released and is expected to be lower than the previous reading, which could lead to a significant rise in gold prices.
The chart shows gold in a short-term uptrend, with prices breaking above the 20 SMA and other moving averages, reinforcing short-term buy signals.
Bollinger Bands are expanding, indicating increased market volatility, and the price is moving within the upper band, showing strong buying pressure.
The RSI at 63.57 signals a rising market, but it's approaching the overbought zone. If the RSI exceeds 70, it may suggest a short-term correction.
Given the current trend, the recommended strategy is to buy when the price pulls back to the key support level around 2,500 USDT. The potential target for the next price increase is 2,545 USDT.