Gold Price Challenging Key Level Ahead of US PPI, Fed

<div><img width="717" height="482" src="https://www.forexcrunch.com/wp-content/uploads/2021/08/Screenshot_1-27.png" class="type:primaryImage wp-post-image" alt="Gold price analysis" decoding="async" style="margin-bottom: 15px;" srcset="https://www.forexcrunch.com/wp-content/uploads/2021/08/Screenshot_1-27.png 717w, https://www.forexcrunch.com/wp-content/uploads/2021/08/Screenshot_1-27-300×202.png 300w, https://www.forexcrunch.com/wp-content/uploads/2021/08/Screenshot_1-27-150×101.png 150w" sizes="(max-width: 717px) 100vw, 717px" /></div>
<p>The bias is bullish despite temporary retreats. The US data should bring high action today. Taking out the R2 activates further growth. The gold price extended its recovery rally as the US dollar slipped further. The precious metal is trading at $1,868 at the time of writing. The bias is bullish in the short term….</p>
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