Gold Price Forecast: $4,500 Caps Momentum Ahead of CPI - FXEmpire
Gold
AI desk brief
Gold is consolidating around $4,450, just above the 50-day EMA and below key $4,500 resistance, with the near-term setup described as neutral rather than trending. The article flags CPI on Friday and the subsequent Federal Reserve decision as the main catalysts that could break the range, while higher rates remain a headwind for bullion.
Sources used
- S1 FXEmpire via Google News — Gold Price Forecast: $4,500 Caps Momentum Ahead of CPI - FXEmpire