SignalPro
HIGH IMPACT FXStreet · May 12, 11:26 AM

Gold Price Forecast: XAU/USD slides to $4,700 ahead of US CPI data

Gold (XAU/USD) shows moderate losses on Tuesday, trading a few pips below the $4,700 level at the time of writing after failing to find acceptance above $4,770 earlier on the day.

XAUUSDCPI
SIGNALPRO AI · WHAT'S LIKELY TO HAPPEN
BEARISH 75% confidence

Gold prices are likely to continue declining as traders await the US CPI data, which may reinforce bearish sentiment. A break below $4,700 could lead to further losses.

AI-generated analysis. For educational purposes only — not financial advice.

Gold (XAU/USD) shows moderate losses on Tuesday, trading a few pips below the $4,700 level at the time of writing after failing to find acceptance above $4,770 earlier on the day.

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