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XAUUSD Intra/Swing idea 12/02/2025

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Zooming out on XAUUSD, the daily closed with indecision after creating a new all-time high. Currently, price is struggling to break above 2900.

If we remain below, a deeper pullback to 2850 is likely before the bullish trend resumes. Safer buys would be from 2900 or 2950 for the longer-term 3000 target.

With CPI data later, a pullback to 2850 could happen before or during the release. Monitoring price action closely.

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