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Gold Forecast: Recovering to $1,850 as USD Softens Ahead of Inflation

Started by forex4you, May 11, 2022, 10:01 am

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Gold Forecast: Recovering to $1,850 as USD Softens Ahead of Inflation

Gold prices consolidated losses at a three-month low ahead of key US inflation data. Mixed sentiment, DXY pullback reminds buyers, but growth fears weigh on prices, Fed said. The formation of a 12-day-old megaphone, a weekly resistance line, also gives hope to the sellers, although a fall in the US CPI could extend the price … Continued


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