XAU/USD | Sweep needed for clear direction

328
Same as Silver, Gold is consolidating around the 4400 level, inside the FVG and around the Consequent Encroachment of the gap.

Gold has held itself around the 4400 level despite all the geopolitical tensions and US-IR attacking each other. I believe that after either the Minor BSL or Minor SSL are swept away, we can then predict and see where it is actually headed.
The Minor SSL is below the 4341 level and the BSL is above the 4510 level.
The main supply zone is from 4572 to 4614 which has not been tested up until now, and the Demand Zone is from 4305 to 4331.
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With PPI news coming out, Gold dropped massively and swept away the Sellside liquidity below the 4341 level, and dropped all the way to 4324 and reached the Demand Zone, and has recovered a bit, currently being traded at around 4345.

Considering tensions having not eased down at all, and with CPI news coming out tomorrow, if it comes out in favor of USD, we could see further drop for Gold, going towards the sellside liquidity pool below the 4282 level, and then if it fails to bounce back up, we could see further drop towards the 4235 level which is the 4H Inversion Fair Value Gap Low.

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