Gold Forecast: XAU/USD awaits acceptance above $5,200 and US PPI data - FXStreet

FXStreet frames gold as consolidating below a key technical threshold (~$5,200) with near-term direction hinging on US PPI. A firmer-than-expected PPI print would likely lift real-rate expectations and the USD, pressuring XAU/USD and capping rallies below resistance. A softer PPI would support a breakout/acceptance above the level and re-open momentum longs. Desk focus: fade failed breaks into $5,200; add on confirmed acceptance above with tight risk around the level into data.