Gold consolidates just under $5,200 after the breakout

Gold regained its upside momentum on Tuesday, posting notable gains after several days of choppy, sideways trading. The precious metal finally broke above the critical resistance level of $5,200—a barrier it had struggled to surpass since last Wednesday. On Tuesday, XAUUSD briefly broke out of this range, hitting a fresh 6-day high of $5,230 before pulling back to below $5,200 again.* Market focus now shifts to the upcoming US inflation data, with traders looking for insights into the Federal Reserve’s monetary policy direction.