Gold Lacks Bullish Catalysts. Forecast as of 17.07.2026

If the market fails to move in the expected direction, it is more likely to move in the opposite direction. XAU/USD's rally following softer inflation data proved short-lived. The precious metal is back under bearish pressure. Let's discuss this topic and outline a trading plan.Major Takeaways Gold reacted sharply to the CPI and PPI reports. The precious metal remains sensitive to the Fed's interest rate outlook. Central banks may sell gold reserves. A move above 4,065 would provide a buying opp