SELL XAUUSD – 4977.2

The trade is based on a confluence of technical and fundamental factors: on the charts XAUUSD executed an equal‑high‑low sweep and filled a prior gap, signalling a bearish reversal, and the price broke beneath the 4‑hour swing low around 4977.2, aligning with a multi‑timeframe bearish bias and high trading volume that confirms strength of the move. The stop is placed at the recent structural high of 4988.7, providing a clear risk limit. Fundamentally, weaker‑than‑expected US CPI has revived expectations of two Fed rate cuts this year, reducing the safe‑haven appeal of gold and pushing it lower within its $4900‑$5100 range. This combination of a strong technical breakdown and dovish inflation data justifies a short position with high conviction.