Gold Price Forecast: XAU/USD Targets $4,500 Ahead of U.S. Inflation Data

['Tia Avet', 'Analyst', 'Covering Cryptocurrency Markets', 'Policy', 'Regulation. With Over Seven Years Of Experience In Business', 'Marketing Development', 'She Has Spent The Past Two Years Specializing In Digital Assets.', 'Min Read', 'August'] Coinpaper 2026-08-11 12:03:20

Gold Price Rallies Above $4,400 Ahead of U.S. CPIper ounce on Tuesday, Aug. 11, its highest level since June 5, before giving back part of the advance. A softer-than-expected inflation reading could reinforce expectations that the Fed will avoid further tightening, potentially weighing on the dollar and supporting gold. Gold Technical Analysis: $4,485 Is the Next ResistanceThe four-hour XAU/USD chart keeps the technical structure bullish. Gold XAU/USD 4-Hour Chart. For now, the gold price prediction remains conditionally bullish above $4,370.